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Tyler,age 13,has brought alcohol to school on two occasions and has run away from home twice.Tyler's acts are
Novation
The act of replacing one obligation with another by mutual agreement between all parties involved, essentially creating a new contract while cancelling the old one.
Right of Recovery
The legal ability to reclaim goods or compensation under the terms of an agreement or through legal proceedings.
Trustee
A person licensed to receive and dispose of the assets of a bankrupt, then distribute the proceeds to the creditors.
Beneficiary
An individual or entity entitled to receive benefits or assets from a trust, will, or life insurance policy.
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