Question

A change of nature of obligation of a contract known as : (a) alteration (b) repudiation (c) rescission

Answer 1

Any change in contract obligations is known as alteration.

Any alteration made with the consent of all the parties in a contract is perfectly valid in the eyes of law.

Any alteration done without the consent of the other party as a valid alteration. In such a case both the parties are free from the contract obligations.