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A contract can be discharged either by agreement or by a breach. Novation is one way to discharge a contract by agreement and section 62 of the India Contract, 1872 Act gives expression to the doctrine of Novation. The substitution or replacement of an old contract with a new one is termed as Novation. It takes place with the consent and agreement of both the parties to a contract thus with the creation of new contractual obligations, the old ones are discharged. The doctrine of Novation exists to give expression to the concept that parties to a contract should be competent to add, subtract or vary the terms of the contract before its breach with the help of a new contract.
The current combined age of Chris, Kane, and Root is 56 years. Root's current age is 20 years. The age ratio between Chris and Kane is 1:2. If Stokes, w...
Four years ago, the age ratio of 'Vikram' to 'Garima' was 3:4, and six years from now, their age ratio will be 4:5. Can you determine 'Vikram's current ...
The current average age of 'Akhil', 'Bittu', and 'Chinu' is 42 years. 'Bittu's' age is 25% greater than 'Akhil's'. Twelve years from now, the age ratio ...
At the time of 'Binny's birth, the age of 'Ankush' was twice the present age of 'Binny'. Fourteen years from now, if the ratio of their ages is 25:13, f...
A is younger than B by 5 years. If the ratio of A and B ages is 7:8 respectively, then find the age of A.
A is younger than B by 2 years. If the ratio of A and B ages is 5:7 respectively, then find the age of A.
A’s age is the fifth part of his father’s age. After 7 years, the age of A’s father will be twice the age of B. If B’s 6th birth...
The sum of the present ages of two cousins is 54 years. Eleven years ago, the older one was thrice as old as the younger one. What is the present age of...
Arjun is three years senior to Binny, who is twice as old as Chinu. If the average age of Arjun, Binny, and Chinu is 21 years, what is the age differenc...
A girl’s age is 155% of what it was 10 years ago, but 55% of what it will be after 10 years. What is her present age?