Which of the following statements is the best description of discharge by novation?
A) One party leads the other to reasonably believe that strict performance will not be insisted upon.
B) A new agreement is substituted for the old by the parties.
C) Both parties abandon their original agreement while it is still executory.
D) A party who has already performed their obligation agrees to relieve the other party from performing their obligation in return for their doing something different.
Correct Answer:
Verified
Q2: Which of the following involves the discharge
Q3: Which of the following is NOT an
Q4: Which of the following is NOT an
Q5: Which of the following is the best
Q6: Which of the following is the meaning
Q7: Which of the following involves the discharge
Q8: Mutual discharge occurs when:
A)one party leads the
Q9: Explain the meaning of novation and what
Q10: In which of the following circumstances will
Q11: A contract for personal services cannot be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents