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ibps-so 2020 · Question 309 of 351

What is the legal term for a change in the nature of the obligation in an existing contract?

  1. ARescission
  2. BNovationCorrect
  3. CFrustration
  4. DBreach of contract
  5. EBoth (a) and (d)

Answer: B. Novation

Official answer key verified. Detailed explanation coming soon.

Source: IBPS SO Law Officer Mains Memory Based 2020 - Adda247 · memory-based

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