Examlex
Which of the following statements is FALSE?
Nonbreaching Party
The party in a contractual agreement that has not failed to fulfill their obligations as set forth in the contract.
Absolute Duty
A legal obligation that is unconditional and requires performance under any circumstances, without exceptions.
Novation
The substitution, by agreement, of a new contract for an old one, with the rights under the old one being terminated. Typically, there is a substitution of a new party who is responsible for the contract and the removal of an original party’s rights and duties under the contract.
Make Restitution
The act of compensating for loss, damage, or injury caused, often in the context of legal or financial remedies.
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