When the parties mutually agree to change certain terms of the contract. This is called

Related MCQs

• A contract in which, under the terms of a contract, one or both the parties have still to perform their obligations in future is known as
• If a contract provides for the payment of a certain amount on breach of a contract, such payment is termed as:
• A contract in which, under the terms of a contract, nothing remains to be done by either party is known as
• A contract entered into between the parties by words is called-
• Where a contract has to be inferred from the conduct of parties, it is called
• Where the obligation in a contract is outstanding on the part of both parties, it is called
• _________ indicates that the parties are not further bound under the contract
• When the contract is perfectly valid but cannot be enforced because of certain technical defects. This is called
• Where the court orders the defaulting party to carry out the promise according to the terms of the contract, it is called as a/an
• Two or more persons are said to consent when they agree upon