Roy and Sheila are parties to a contract. They subse­quently agree that Tony should take Roy’s place and assume all of his rights and duties under the contract. This is
A. a novation.
B. an accord and satisfaction.
C. an assignment.
D. a modification.
Answer:A
Roy and Sheila are parties to a contract. They subse­quently agree that Tony should take Roy’s place and assume all of his rights and duties under the contract. This is
A. a novation. B. an accord and satisfaction. C. an assignment. D. a modification.