Ben and Andrew are parties to a contract.They agree on a novation.The novation does not require
A)the existence of a previous,valid obligation.
B)agreement by all the parties to a new contract.
C)performance of the original contract by all of the parties.
D)a new,valid contract.

Question

Quizplus · Accepted Answer

Novation replaces the original contract with a new one, so performance of the original contract is not required.

Ben and Andrew Are Parties to a Contract