Multiple Choice Questions on Suman owes Rs 50 000 to Pushpa under a contract It is agreed between Suman Pushpa and Kusum that Pus........... for Himachel Pradesh Judicial Services (HPJS) Preparation

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Multiple Choice Questions

Suman owes Rs 50 000 to Pushpa under a contract It is agreed between Suman Pushpa and Kusum that Pus...........

Indian Contract Act (ICA)1872 Others
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    Suman owes Rs.50,000 to Pushpa under a contract. It is agreed between Suman, Pushpa and Kusum that Pushpa shall accept Kusum as her debtor, instead of Suman. Find the correct option:

    The old contract between Suman & Kusum comes to an end and a new debt from Kusum to Pushpa is created as per Section 62 of the Contract Act

    Correct Answer

    The old contract between Suman & Kusum comes to an end and a new debt from Kusum to Pushpa is created as per Section 65 of the Contract Act

    Incorrect Answer

    There is no consideration and the new contract would be void under the Contract Act

    Incorrect Answer

    The original contract must be performed and such kind of alteration is not provided for under the Contract Act

    Incorrect Answer
    Explanation:

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