Keith enters into a written contract to purchase drilling equipment from Justin.Subsequently, Justin requests that the price and terms of delivery be changed, and Keith agrees to Justin's request.A new contract is drawn up and signed by the parties.The original contract between Keith and Justin has been:

Question

Quizplus · Accepted Answer

The original contract has been novated because the parties have agreed to replace it with a new contract that includes different terms. This means that the old contract has been extinguished and replaced with the new one.

Keith Enters into a Written Contract to Purchase Drilling Equipment