Examlex
____ functions change an object's state or attributes.
Novation
The process of replacing an existing obligation with a new one, thereby extinguishing the original contract and starting anew.
Privity of Contract
The relationship between parties in a contract that confers rights and obligations. It typically prevents a third party from enforcing or being subject to the terms of the contract.
Equitable Assignment
The transfer of future rights to benefits in property or contracts, recognized by equity rather than common law.
Non Est Factum
A legal defense claiming a contract is invalid because it was misunderstood or misrepresented at the time of signing, not reflective of the signer's intent.
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