LAW102Xuất hiện trong 3 đề thi
What is the best definition of a novation?
Các lựa chọn
AA novation substitutes a new party for one of the original parties in an existing contract at the mutual agreement of the original parties.
BNovation is the conveyance of rights in a contract to a person, not a party.
CThe term novation describes a transfer of duties alone without a transfer of rights.
DWhen a novation occurs, the original obligor is liable for the performance of the new contract.