A owes B Rs 10 000 A enters into a contract with B and gives his estate to B as mortgage for Rs 5 00...........

Indian Contract Act (ICA)1872 Discharge and Breach of Contract

A owes B Rs 10,000. A enters into a contract with B and gives his estate to B as mortgage for Rs 5,000 in place of the earlier debt of Rs 10,000

This is a new contract and extinguishes the old one

This is a new contract but does not extinguish the old one

Both are independent contracts

None of the above

This is a new contract and extinguishes the old one

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