A Novation Is

question 16

Multiple Choice

A novation is

• A)an assignment
• B)a new contract
• C)a new party added to an existing contract
• D)an exception to the privity rule
• E)a new term added to a contract

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Definitions:

Timeline

A chronological representation of events, tasks, or milestones, often used in planning and project management to visualize sequences and duration.

Marketing Research

The process of gathering, analyzing, and interpreting information about a market, including about potential and existing customers.

Sales Forecasts

Predictions about the future sales performance of a product or service, based on historical data, market trends, and other factors.

Company and Industry

Refers to a specific business entity and its operations within the broader category of businesses that offer similar products or services.