Multiple choice

A promised to supply certain items to B by January end. Subsequently, they decided to defer the supply till February end. It is called

  1. novation

  2. alteration

  3. rescission

  4. remission
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Alteration means changing one or more terms. Novation means substitution of new contract in place of old one. Recission means cancellation of contract.

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