Match List – I with List – II. LIST I LIST II  A. Novation  I. Terms of contract cancelled  B. Waiver  II. Acceptance of lesser fulfillment of promise   C. Recission   III. Parties abandon mutual rights  D. Remission   IV. New contract substituted for old one Choose the correct answer from the options given below :

A-I, B-II, C-III, D-IV A-IV, B-III, C-I, D-II A-III, B-I, C-IV, D-II A-III, B-IV, C-II, D-I

A-IV, B-III, C-I, D-II

The correct answer is Option (2) → A-IV, B-III, C-I, D-II