If There Is a Novation,the Original Promisor Remains Liable to the Original

question 38

True/False

If there is a novation,the original promisor remains liable to the original promisee if the new promisor fails to perform.

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Definitions:

Distribution Center

A specialized facility that serves as a strategic storage and shipping location for products, aiming to streamline product distribution to retailers or directly to consumers.

Advanced Shipping Notice

A notification of pending deliveries, typically sent electronically to a recipient detailing information about a shipment before it arrives, including contents, packaging, and carrier details.

Universal Product Code

A barcode symbol that is widely used in retail for tracking trade items in stores, containing a unique identifier for each product.

Vendor-managed Inventory

A supply chain strategy where the supplier assumes responsibility for managing inventory levels at the customer's premises.