Examlex

Solved

A Novation Requires the Existence of a Previous, Valid Obligation

question 68

True/False

A novation requires the existence of a previous, valid obligation.​


Definitions:

Tax Sale

A public sale of property conducted by a government authority to recover unpaid taxes owed by the property's owner.

Purchase

The act of buying goods or services, typically involving a monetary transaction.

Inheritance

Assets or rights received from a deceased person's estate by their heirs or designated beneficiaries.

License

A legal permission allowing the licensee to do something that would otherwise be prohibited, often concerning intellectual property or specific activities.

Related Questions