In a novation,the delegator is discharged and the third party becomes directly bound upon his promise to the obligee.

Question

Quizplus · Accepted Answer

This statement accurately describes the effect of a novation. By replacing the original obligor with a new one through a novation agreement, the original obligor (delegator) is discharged from their obligations and the new obligor (third party) becomes directly bound to the obligee.

In a Novation,the Delegator Is Discharged and the Third Party