Horse Tracks] Min-ji, Marcus, and Penelope decided to form a corporation called Horse Tracks to raise horses. They all began the incorporation process by arranging for necessary capital and financing. They raised capital from their friends by making deals whereby their friends would purchase stock in the new corporation. After the corporation was formed, a problem arose with a contract for feed that Min-ji, Marcus, and Penelope had entered into while organizing the corporation. Callie, the seller of the feed, claimed that she had not been fully paid and threatened to sue the corporation. The contract Min-ji, Marcus, and Penelope had with Callie did not reference liability after the new corporation came into legal existence. Min-ji, Marcus, and Penelope asked for a novation, but were uncertain as to whether that would occur. What were Min-ji, Marcus, and Penelope seeking by requesting a novation in regards to the lawsuit threatened by Callie?

A - An agreement by which Callie agreed to delay her claim for one year in order to give the corporation a chance to make a profit.

B - An agreement by which Min-ji, Marcus, Penelope, Callie, and the corporation would agree that the corporation would be liable to Callie, and that Min-ji, Marcus, and Penelope would be released.

C - An agreement by which Min-ji, Marcus, and Penelope would be discharged from the debt so long as the new corporation agreed to do an agreed upon amount of business with Callie for a certain period.

D - An agreement by which Min-ji, Marcus, Penelope, Callie, and the corporation would agree that the company would be liable to Callie for one half the debt and that Min-ji, Marcus, and Penelope would be liable for only one half of the debt.

E - An agreement by which the corporation would be substituted as the debtor instead of Min-ji, Marcus, and Penelope so long as the corporation made a profit in its first year of existence.