Question

"A novation completely releases an ____________ from any further liability. To be effective, it __________ require the agreement of both the obligor and obligee.

(A) Obligor; does
(B) Obligor; does not
(C) Obligee; does
(D) Obligee; does not"

Answer 1

A novation completely releases an obligor from any further liability and requires the agreement of both the obligor and obligee to be effective.

Step-by-step explanation:

A novation completely releases an obligor from any further liability. To be effective, it does require the agreement of both the obligor and obligee.