Question

Molly and Craig are the original parties to a contract. Craig is obligated to design a Website for Molly. They subsequently make an agreement with Eric that Eric should take the place of Craig and assume all of Craig's rights and duties under the contract. The agreement releases Craig from his obligations under the contract. This agreement is

Answer 1

Novation

Step-by-step explanation:

A novation is an agreement that is made between the two parties. In this, the one-party could take place or we can say the substituting of a new party could be done but the parties could ready for the novation

Here in the given scenario, since the Eric takes the place of Craig and its rights and duties are now with Eric

So this situation represents the novation agreement