Question:
The following is not true about novation of contracts:
The following is not true about novation of contracts:
Updated On: Dec 14, 2024
- Acquiescence is a way of giving consent for the purposes of novation of a contract under S. 62 of the Contract Act
- Acquiescence means tacit or passive acceptance. t is an implied and reluctant consent to an act.
- When acquiescence takes place, there is knowledge against a particular act. Based on this knowledge, a new contract comes into existence with renewed terms.
- For an acceptance to be legally valid, it is optional for parties to have the knowledge of the terms which they are accepting.
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The Correct Option is D
Solution and Explanation
For an acceptance to be legally valid, the parties must have knowledge of the terms they are accepting. It is not optional, as this could invalidate the contract.
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