Daniel purchases a house through Adelaide Loan Co. However, he moves to another city for work and sells the house to Christopher. Daniel wants to be released from his payment obligations to Adelaide Loan Co. Which of the following would release Daniel from this liability?
A) An oral delegation of the payment obligation by Daniel to Christopher will release Daniel from liability.
B) The sale of the house by Daniel to Christopher involuntarily releases his payment obligation.
C) A delegation of the payment obligation to Christopher along with a written notice to Adelaide Loan Co. can release Daniel from liability.
D) A novation in which Adelaide Loan Co. agrees to substitute Christopher for Daniel will release Daniel.
E) An assignment where Daniel transfers his rights to Christopher will release Daniel from all his liabilities.
Correct Answer:
Verified
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