menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of the Legal Environment
  4. Exam
    Exam 12: Contract Performance, Breach, and Remedies
  5. Question
    Roy and Sheila Are Parties to a Contract
Solved

Roy and Sheila Are Parties to a Contract

Question 44

Question 44

Multiple Choice

Roy and Sheila are parties to a contract. They subsequently agree that Tony should take Roy's place and assume all of his rights and duties under the contract. This is


A) a consideration.
B) a modification.
C) an accord and satisfaction.
D) a novation.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q29: Fashion Retail Center enters into a contract

Q32: Refined Commodities,Inc.,agrees to deliver ten tons of

Q35: Complete performance occurs when conditions in a

Q39: Irrigation Piping Company ships its only pump

Q41: A liquidated damages clause typically requires a

Q45: The four broad categories of damages in

Q46: An anticipatory repudiation is not a material

Q46: A contract is substantially performed when performance

Q47: Rory threatens physical harm to force Suki

Q64: Quality Contractors contracts to build a warehouse

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines