Chapter IV — Of The Performance Of Contracts
Section 62 — Effect of novation, rescission, and alteration of contract
Indian Contract Act, 1872 · Free to read
If the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, the original contract, need not be performed.
Illustrations
(a) A owes money to B under a contract. It is agreed between A, B and C that B shall thenceforth accept C as his debtor, instead of A. The