Ben and Andrew Are Parties to a Contract

question 32

Multiple Choice

Ben and Andrew are parties to a contract.They agree on a novation.The 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:

Reliability

The extent to which the outcome of a measurement, calculation, or specification can be trusted to be correct.

Measuring Device

An instrument used to ascertain the size, quantity, or degree of something.

Predictability

The degree to which a future event or outcome can be forecasted based on present or past data.

Reliability

The degree to which the result of a measurement, calculation, or specification can be depended on to be accurate.