When one or more terms of the parties are altered with the consent of the parties.it is known as:
Correct answer: C. Alteration
- A. Novation
- B. Rescission
- C. Alteration
- D. None of these
Explanation
Alteration changes one or more contractual terms with the consent of the parties while the contract continues in its modified form. Novation replaces the existing contract with a new one, whereas rescission cancels it.
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Civil law governs disputes involving private rights, including contracts, property, family relations, torts and compensation. The subject explains breach of duty, civil liability, damages, specific relief, injunctions and other remedies, while distinguishing private claims between individuals from criminal proceedings brought to punish offences against the state.
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