Gliding Light,LLC,and Hang Gliders,Inc

question 20

Multiple Choice

Gliding Light,LLC,and Hang Gliders,Inc.,are parties to a contract. They subse-quently agree that High Riders Inc. should take Gliding Light's place and assume all of its rights and duties under the contract. This is

• A)an agreement to rescind.
• B)an accord and satisfaction.
• C)a novation.
• D)a settlement agreement.