Which of the Following Occurs During a Novation

question 85

Multiple Choice

Which of the following occurs during a novation?

• A) All parties agree to substitute new parties for the original parties to the agreement.
• B) One of the parties to the contract names a third party as the beneficiary.
• C) One of the parties to the contract assigns his contract rights to a third party without obtaining the other parties' consent.
• D) All parties agree to lower the contract price.