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The effect of novation, rescission and alteration of contract is provided under-

"Section 62 of the Indian Contract Act, 1872" provides that where the parties agree to substitute a new contract for it, or to rescind or alter it, the original contract…

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The effect of novation, rescission and alteration of contract is provided under-

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"Section 62 of the Indian Contract Act, 1872" provides that where the parties agree to substitute a new contract for it, or to rescind or alter it, the original contract need not be performed.

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