Multiple Choice
Which of the following statements regarding novation is false?
A) Novation refers to the creation of a new contract through the substitution of a third party for one of the original parties to a contract, with everyone's consent.
B) Novation requires that the new debtor assume complete liability.
C) Novation requires the creditor to accept the new debtor as principal debtor, not merely as a guarantor.
D) Novation requires the creditor to accept the new contract in full satisfaction and substitution for the old contract.
E) Novation requires the inclusion of a force majeure clause in order to be enforceable.
Correct Answer:

Verified
Correct Answer:
Verified
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