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What is the main difference between an assignment...

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Question

What is the main difference between an assignment and a novation? 1) In a novation the original obligor is completely discharged from his/her obligations under the contract. 2) In a novation the original obligee is completely discharged from his/her obligations under the contract. 3) In a novation the original obligor remains secondarily obligated. 4) In a novation both the original obligee and the original obligor remain obligated. Select the correct answer from the choices above. Business Law

 

Paper#9039 | Written in 18-Jul-2015

Price : $25
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