A(n)________ in the nature or time of payment of an obligation operates as a novation for an outgoing partner,when the creditor has knowledge of the partner's dissociation.
A)material modification
B)alteration
C)reasonable modification
D)industry change

Question

Quizplus · Accepted Answer

A material modification in the nature or time of payment of an obligation operates as a novation for an outgoing partner,when the creditor has knowledge of the partner's dissociation.

A(n)________ in the Nature or Time of Payment of an Obligation