Roy and Sheila are parties to a contract. They subsequently agree that Tony should take Roy's place and assume all of his rights and duties under the contract. This is

Name: Roy and Sheila are parties to a contract. They subsequently agree that Tony should take Roy's place and assume all of his rights and duties under the contract. This is
Brand: Quizplus
Rating: 4.9 (56 reviews)

Question

Quizplus · Accepted Answer

This is a novation as it involves substituting one party (Roy) with another (Tony) who will assume all rights and duties under the contract.

Roy and Sheila Are Parties to a Contract