Multiple Choice
Al owes Tracy $500, due June 1.Al, Tracy, and Ted mutually agree that Ted will pay Tracy instead of paying Al the money Ted owes Al, and Al will be discharged from his debt to Tracy.Such an agreement is an example of:
A) an accord.
B) a novation.
C) a satisfaction.
D) a rescission.
Correct Answer:
Verified
Correct Answer:
Verified
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