A change of nature of obligation of a contract is known as:

Related MCQs

• Each party to a contract is bound to perform his part of the obligation. After the parties have made due performance of the contract comes to an end. In such a case the contract is said to be discharged :
• Are rights under a contract assignable unless the contract is personal in its nature?
• Where there is a contract for the sale of specific goods, and the goods perish before the making of contract, without the knowledge of the seller, the contract is
• Obligation between parties that form contract
• A contract or an obligation to perform a promise could arise in the following ways
• When the performance of a contract becomes impossible, the purpose which the parties had in mind is frustrated. If the purpose becomes impossible because of supervening event, the promisor is excused from the performance of the contract. This is known as :
• Where the parties to a contract agree to substitute a new contract for it, it is known as
• A contract of personal nature can be performed by
• A stipulation in a contract in the nature of penalty is
• Stipulations in a contract providing for enhanced rate of interest from date of default of payment of principal or compound interest are considered to be in the nature of