Question

The following is not true about novation of contracts:

• A. Acquiescence is a way of giving consent for the purposes of novation of a contract under S. 62 of the Contract Act
• B. Acquiescence means tacit or passive acceptance. t is an implied and reluctant consent to an act.
• C. When acquiescence takes place, there is knowledge against a particular act. Based on this knowledge, a new contract comes into existence with renewed terms.
• D. For an acceptance to be legally valid, it is optional for parties to have the knowledge of the terms which they are accepting.

Answer 1

The Correct Option is D

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.