Jane and Kelly want Lucy to replace Kelly as a party to their con?tract. They can best accomplish this by
A) accord and satisfaction.
B) novation.
C) reinvention.
D) specific performance.

Question

Quizplus · Accepted Answer

A novation occurs when a new party is substituted for one of the original parties to a contract, with the consent of all parties involved. In this case, Jane and Kelly want Lucy to replace Kelly in the contract. A novation will accomplish this by releasing Kelly from any further obligations and replacing her with Lucy as a new party to the agreement.

Jane and Kelly Want Lucy to Replace Kelly as a Party