A Novation Is Said to Take Place When Continuing Partners

question 45

True/False

A novation is said to take place when continuing partners release a dissociated partner from liability but creditors do not release him.

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Definitions:

Social Identity

An individual’s sense of self derived from perceived membership in social groups, which shapes self-concept and behavior in group contexts.

Speech Elocution

The skill or art of clear and expressive speech, including the production of distinct sounds and the proper use of tone, pitch, and pace.

Social Mobility Belief System

The set of beliefs and values about the ability of individuals to move within or between social strata or classes.

Higher-Status Group

A social group considered to possess greater prestige, privileges, or authority within a given context or society.