A Novation Takes the Assignor Out of the Contract Altogether

question 74

True/False

A novation takes the assignor out of the contract altogether and substitutes the assignee in the assignor's place.

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Definitions:

Stakeholder Ethics

Principles and standards guiding how stakeholders' interests should be considered and addressed in decision-making processes.

Proactive Commitment

The dedication to take initiative and anticipate future problems, needs, or changes.

Interactional Justice

The perceived fairness of the interpersonal treatment received from others, especially in the context of decision-making processes.

Procedural Justice

Procedural justice concerns the fairness and transparency of the processes used to make decisions, often affecting individuals' perceptions of legitimacy and fairness in organizations.