Novation of a Contract Will Result in the Termination of the Original

question 34

True/False

Novation of a contract will result in the termination of the original contract.

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Definitions:

Expected Outcome

The anticipated result or consequence of an action or situation, based on predictions or prior experience.

Value

The importance, worth, or usefulness of something.

Worth

A rephrased definition of value; the measured or perceived usefulness, importance, or general merit of something or someone.

Cost

The value or price associated with acquiring, producing, or maintaining something, often considered in decision-making processes.