A Novation Occurs

Multiple Choice

A novation occurs

A) when two parties agree to terminate a contract and substitute a new contract.
B) when a contract is amended by agreement between the parties.
C) when a novel or new situation arises and the terms of a contract are changed.
D) when a stranger to the contract is permitted to obtain rights under the contract.
E) when a stranger to a contract enters into a new agreement with the parties that permits him or her to obtain rights under the original contract.