Question

Peter owes Rs 100,000 to John and agrees to repay it within one
year. They document the debt under a contract. Subsequently,
he loses his job and requests John to accept Rs 75,000 as a final
settlement of the loan. John agrees and they make a contract to
that effect. Analyse the terms of contract as per the legal rules of
discharge of contract.

Answer 1

Answer:

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Explanation:

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