menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Business Law Study Set 1
  4. Exam
    Exam 14: Operation of Contracts
  5. Question
    If the Third Party Enters the Contract as a Result
Solved

If the Third Party Enters the Contract as a Result

Question 29

Question 29

True/False

If the third party enters the contract as a result of a novation,the party whose rights or duties are assumed is completely relieved of obligations.

Correct Answer:

verifed

Verified

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

Related Questions

Q1: In a contract, the term _means tasks

Q4: What is the difference between a third-party

Q19: A life insurance policy is an example

Q21: Members of the armed services are permitted

Q22: A(n) _ transfers all rights and obligations

Q24: A contract may prohibit just one party

Q24: When a contracting party dies, contract rights

Q27: A person who agrees in a contract

Q33: A party to an existing contract may

Q38: The assignor of a contract right becomes

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines