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Leah and Mason Are Parties to a Contract for the Sale

Question 69

Multiple Choice

Leah and Mason are parties to a contract for the sale of Mason's day care facility to Leah. Before the deal closes, they agree to substitute Nell for Leah as a party to the deal. This novation does not require


A) ​the existence of a previous, valid obligation.
B) ​the agreement by all of the parties to the new contract.
C) ​performance of the original contract by all of the parties.
D) ​a new, valid contract.

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