X owes Rs.10,000/- to Y under a contract. It is agreed between X,Y, & Z that shall henceforth accept Z as his debtor instead of X for the same amount. Old debt of X is discharged and a new debt from Z to Y is contracted. This is:

Haryana Judicial Service (Civil Judge) Prelims 2021 Previous Year Question Papers with MCQ Answers

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56.

A: Alteration of contract

B: Rescission of contract

C: Novation of contract

D: Change in contract

The answer is: C

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