Examlex
Which of the following are requirements of a valid will?
Statutory Assignment
refers to the legal transfer of rights from one party to another, based on statutory laws rather than contractual agreement.
Equitable Assignment
The transfer of future rights to benefits in a contract to another party, recognized by equity courts.
Novation
The process of replacing an existing obligation with a new one, effectively transferring the rights and duties to another party.
Breach of Contract
The act of not executing any part of a contract, either written or oral, lacking a legitimate legal rationale.
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