A(n) __________ is a method of discharging a contract in which a third party becomes bound upon a promise to the obligee.
A) partial assignment
B) assignment
C) delegation
D) novation

Question

Quizplus · Accepted Answer

A novation is a process in which a new party replaces an original party in a contract, with all parties agreeing to make the switch, effectively discharging the original party from the contract and binding the new party to it.

A(n) __________ Is a Method of Discharging a Contract in Which