Multiple Choice
Which of the following statements regarding novation is false?
A) Novation requires the inclusion of a force majeure clause in order to be enforceable.
B) Novation requires the creditor to accept the new debtor as principal debtor, not merely as a guarantor.
C) Novation requires that the new debtor assume complete liability.
D) Novation requires the creditor to accept the new contract in full satisfaction and substitution for the old contract.
E) Novation refers to the creation of a new contract through the substitution of a third party
For one of the original parties to a contract, with everyone's consent.
Correct Answer:

Verified
Correct Answer:
Verified
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