Which of the Following Occurs During a Novation

Multiple Choice

Which of the following occurs during a novation?

A) All parties agree to substitute new parties for the original parties to the agreement.
B) One of the parties to the contract names a third party as the beneficiary.
C) One of the parties to the contract assigns his contract rights to a third party without obtaining the other parties' consent.
D) All parties agree to lower the contract price.