Novation is the substitution of a new obligation for an existing one.
Novation defined
N.D.C.C. § 9-13-08 — under Release and Substitutions of Obligation.
N.D.C.C. § 9-13-08
N.D.C.C. § 9-13-08 — under Release and Substitutions of Obligation.
N.D.C.C. § 9-13-08
Novation is the substitution of a new obligation for an existing one.