A Novation Does Not Require the Extinguishing of the Old

question 25

True/False

A novation does not require the extinguishing of the old obligation.

---

Definitions:

Merchandise

Goods to be bought and sold within a retail environment, including various types of products such as clothing, electronics, and groceries.

Generic Products

Products marketed without a brand name, often characterized by lower prices and standard quality levels.

Ultimate Consumer

The end user of a product who purchases it for personal, family, or household use, as opposed to purchasing it for resale or for creating another product.

Industrial Buyer

An individual or organization that purchases goods or services for use in the production of other products or for resale.