While the obligor's permission is not necessary for a valid assignment, if the obligor gives permission, so that now all three parties agree to the assignment, it is called a _____.
A) quasi contract
B) suertyship agreement
C) sponsored agreement
D) novation

Question

Quizplus · Accepted Answer

While the obligor's permission is not necessary for a valid assignment, if the obligor gives permission, so that now all three parties agree to the assignment, it is called a novation.

While the Obligor's Permission Is Not Necessary for a Valid