A(n) is a substituted contract that involves an agreement among three parties to substitute a new promisee in
Place of an existing promisee, or to replace an existing promisor with a new one.
A)accord
B)satisfaction
C)novation
D)mutual rescission

Question

Quizplus · Accepted Answer

Novation is the substitution of a new contract or party in place of an old one, involving three parties where a new promisee or promisor replaces an existing one.

A(n) Is a Substituted Contract That Involves an Agreement Among