True/False
A novation ordinarily arises when a new obligor agrees to pay or do that which was agreed to by the original party to the contract.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q11: Contract rights are always assignable.
Q12: Under the Uniform Commercial Code, any assignments
Q13: Which of the following must hold for
Q14: The surrender by a party of legal
Q15: The beneficiary's rights are always limited by
Q17: Persons are said to lack privity when:<br>A)
Q18: Personal services are delegable.
Q19: The obligor must be informed of an
Q20: Naomi sells her car to Jack, who
Q21: An incidental beneficiary is:<br>A) the intended beneficiary.<br>B)