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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Definitions:

Steroid

A type of organic molecule with a characteristic structure consisting of four fused rings, playing various roles in the body including as components of cell membranes and as signaling molecules.

Polymers

Large molecules composed of repeated subunits, which can be natural, like DNA, or synthetic, like plastic.

Monomers

The basic building block units of polymers, which can bind chemically to other monomers to form complex structures.

Energy Source

A system or material that provides power for activity and functioning, such as fossil fuels, solar power, or food for biological organisms.