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    The Law and Business Administration Study Set 2
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    Exam 12: Privity of Contract and the Assignment of Contractual Rights
  5. Question
    A Novation Occurs When Two Parties Agree to Terminate a Contract
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A Novation Occurs When Two Parties Agree to Terminate a Contract

Question 18

Question 18

True/False

A novation occurs when two parties agree to terminate a contract and substitute a new contract.

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