Match the following: Term                    Meaning 1. Novation a. Acceptance is made to a promise but not on the complete terms of the promise but to a lesser fulfilment of the promise. 2. Rescission             b. Parties to a contract abandon their mutual rights. 3. Remission c. Certain terms or all terms of a contract are cancelled. 4. Waiver d. A new contract is substituted for an old contract.

1-d, 2-c, 3-a, 4-b 1-d,2-a,3-c,4-b 1-b,2-c,3-a,4-d 1-b,2-a,3-c,4-d

1-d, 2-c, 3-a, 4-b

The correct match is: Novation -        d. A new contract is substituted for an old contract. Rescission -      c. Certain terms or all terms of a contract are cancelled. Re-mission-     a. Acceptance is made to a promise but not on the complete terms of the promise but to a lesser fulfilment of the promise. Waiver-             b. Parties to a contract abandon their mutual rights.