Which of the following occurs when the parties to the agreement wish to replace one of the parties with a third party?
A)Mutual rescission
B)Accord and satisfaction
C)Novation
D)Substituted contract
E)Alteration

Question

Quizplus · Accepted Answer

A)Sometimes the parties to the agreement want to replace one of the parties with a
third party.This substitution of a party is called novation.
B)Sometimes the parties to the agreement want to replace one of the parties with a third party.This substitution of a party is called novation.
C)Sometimes the parties to the agreement want to replace one of the parties with a third party.This substitution of a party is called novation.
D)Sometimes the parties to the agreement want to replace one of the parties with a third party.This substitution of a party is called novation.
E)Sometimes the parties to the agreement want to replace one of the parties with a third party.This substitution of a party is called novation.

Which of the Following Occurs When the Parties to the Agreement