Examlex
Conversion of an instrument:
Adequately
In a manner that is sufficient or satisfactory for a particular purpose.
Performance
In contract law, it refers to the act of doing what is required by a contract.
Novation
The act of replacing an original party in a contract with a new party, with the consent of all involved, effectively creating a new contract.
Previous Valid Obligation
A duty or commitment that has been legally recognized and must be fulfilled as previously agreed or contracted.
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