Leah and Mason Are Parties to a Contract for the Sale

question 68

Multiple Choice

Leah and Mason are parties to a contract for the sale of Mason's day care facility to Leah. Before the deal closes, they agree to substitute Nell for Leah as a party to the deal. This novation does not require

• A) the existence of a previous, valid obligation.
• B) agreement by all the parties to a new contract.
• C) performance of the original contract by all of the parties.
• D) a new, valid contract.

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