Greg and Holly are parties to a contract. They subsequently agree that Irma should take the place

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Greg and Holly are parties to a contract. They subsequently agree that Irma should take the place of Greg and assume all of his rights and duties under the contract. This is______________.

1) an accord and satisfaction.

2) a modification.

3) a novation.

4) an assignment.

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Marketing Mistakes and Successes

ISBN: 9780470169810

11th Edition

Authors: James F. Dartley

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Posted Date: Apr 04, 2022 04:35 PM

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Greg and Holly are parties to a contract. They subsequently agree that Irma should take the place

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Expert Answer:

Correct answer It is a novation Explanation It is a novat... View the full answer

Marketing Mistakes and Successes

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