Multiple Choice
Which of the below is an example of a novation?
A) Art and Burt agree to terminate their supply contract.
B) Art and Burt enter into an agreement supported by consideration wherein Art agrees to pay a debt Burt owes Carstairs.
C) Art, Burt and Carstairs all agree that Burt will assume Art's rights and duties in a contract between Art and Carstairs.
D) All of the above are examples of a novation.
Correct Answer:
Verified
Correct Answer:
Verified
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