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Discharge of Surety by Novation is dealt under __________ of the Indian Contract Act

Section 62 of the Indian Contract Act, 1872 deals with novation, rescission and alteration of contracts. When the parties agree to substitute a new contract, the original…

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Discharge of Surety by Novation is dealt under __________ of the Indian Contract Act

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Correct answer D

Section 62 of the Indian Contract Act, 1872 deals with novation, rescission and alteration of contracts. When the parties agree to substitute a new contract, the original contract need not be performed, which can discharge the original obligation secured by a surety.

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