Solved

A Novation Occurs When the Parties to a Contract Agree

Question 181

True/False

A novation occurs when the parties to a contract agree to release one party from the contract and assign the duties to another party to form a new contract.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q176: Liquidated damages are usually determined by the

Q177: The party claiming incapacity, or the lack

Q178: An offer is made to the offeree.

Q179: Contracts where one party, being in a

Q180: The general rule regarding acceptance is:<br>A) an

Q182: The basic elements of a contract are:

Q183: Bob tells Charles and Fritz: "If either

Q184: When the U.S. government announced that no

Q185: Fact Pattern 10-1<br>Lulene makes the best lemon

Q186: An accord is an agreement by parties