Solved

Which of the Following Is True

Question 48

Multiple Choice

Which of the following is true?


A) A novation occurs when the parties to a contract agree to terminate it and substitute a new contract.
B) A novation occurs where one party leaves a contract and his or her place is taken by another person.
C) A novation occurs where parties to a contract change the subject matter of a contract.
D) C only
E) A, B, & C

Correct Answer:

verifed

Verified

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

Related Questions