The Substitution of an Old Contract for a New One

question 4

Multiple Choice

The substitution of an old contract for a new one that replaces an obligation or a party for another is a:

• A) novation.
• B) warranty.
• C) assignment.
• D) delegation of duties.

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Definitions:

Research

The methodical examination and analysis of materials and sources with the goal of establishing facts and deriving new insights.

Diversity

The variety of differences within a population, including race, ethnicity, gender, age, and many other factors.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.

Division of Labor

The assignment of different parts of a manufacturing process or task to different individuals in order to improve efficiency.