Suman owes Rs.50,000 to Pushpa under a contract. It is agreed between Suman, Pushpa and Kusum that Pushpa shall accept Kusum as her debtor, instead of Suman. Find the correct option:
1
The old contract between Suman & Kusum comes to an end and a new debt from Kusum to Pushpa is created as per Section 62 of the Contract Act
2
The old contract between Suman & Kusum comes to an end and a new debt from Kusum to Pushpa is created as per Section 65 of the Contract Act
3
There is no consideration and the new contract would be void under the Contract Act
4
The original contract must be performed and such kind of alteration is not provided for under the Contract Act