ContractsCâu 59 / 120
Substituting a new contract for an existing one, or replacing a party with a new party by agreement, is known as:
a.Novation
b.Assignment without consent
c.Specific performance
d.Liquidated damages
Giải thích
Novation replaces an original contract or party with a new one, releasing the original obligor with all parties' consent. It differs from a simple assignment, which transfers rights but may not release the assignor.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A contract that is missing an essential element and has no legal effect from the beginning is:
- A contract signed by a minor is generally considered:
- 'Time is of the essence' in a contract means:
- If a buyer defaults, a contract clause that pre-sets the seller's damages (often the earnest money) is called a:
- A legal remedy in which a court orders a defaulting seller to actually convey the property as agreed is:
- The 'parol evidence rule' generally prevents a party from:
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