A(n) _____ is a new, separate agreement by the promisee to release the original promisor from liability in exchange for a third party's agreement to assume the promisor's duties.
A) assignment
B) delegation
C) novation
D) obligor

Question

Quizplus · Accepted Answer

A novation is a new, separate agreement by the promisee to release the original promisor from liability in exchange for a third party's agreement to assume the promisor's duties. To have a novation requires more than the obligee's consent to having the delegate perform the duties.

A(n) _____ Is a New, Separate Agreement by the Promisee