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A Novation Agreement Is Only Effective If

Question 52

Multiple Choice

A novation agreement is only effective if


A) the creditor serves notice in writing on the debtor.
B) the replacement contract contains a clear condition precedent.
C) all parties to the agreement have already performed their obligations under the agreement.
D) the parties to the original contract and the new party introduced by novation all give their consent.
E) the new party introduced by novation consents in writing.

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