Which of the following statements is true of novation?
A) Novation is a type of discharge of contract in which the original agreement is substituted with a new one.
B) Novation leads to a change in the contractual duties of the new party.
C) Novation can be carried out only if all the original parties agree to the substitution of new parties.
D) Novation refers to a particular future event that terminates the contract if it does not follow the execution of the contract.
C
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Marbles Inc. has placed vending machines in most of its retail stores in Florida. Consumers can order a pack of marbles by just selecting their requirements on the touch screen. Which term best describes such machines?
A) POP B) kiosk C) virtual catalog D) interactive television E) automated teller machine
A corporation that uses subsidiary corporations to operate in more than one country cannot be termed as a multinational corporation
Indicate whether the statement is true or false