A novation agreement is only effective if
A) the creditor serves notice in writing on the debtor.
B) the replacement contract contains a clear condition precedent.
C) all parties to the agreement have already performed their obligations under the agreement.
D) the parties to the original contract and the new party introduced by novation all give their consent.
E) the new party introduced by novation consents in writing.
Correct Answer:
Verified
Q6: Your text gives five major ways to
Q7: In material alteration
A) there is an agreement
Q8: A contract provides for its own dissolution
Q9: David, a manufacturer's agent, is under contract
Q10: Bulldog Logging Co. agreed to clear 40
Q12: While traveling in the U.S., Joey bought
Q13: Four partners own the used car dealership,
Q14: A party to a contract might forego
Q15: If the parties are primarily seeking a
Q16: Regarding the discharge of a contract, which
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