Respuesta :
Barb and Conrad are parties to a contract. they agree on a novation. the novation requires the existence of a previous, valid obligation.
Who is Barb and Conrad?
American opera singer Barbara Smith Conrad was born. She was a mezzo-soprano who performed with numerous opera companies, including the Metropolitan Opera, Vienna State Opera, Teatro Nacional in Venezuela, and others. She was a mezzo-soprano who performed with numerous opera companies, including the Metropolitan Opera, Vienna State Opera, Teatro Nacional in Venezuela, and others.
What is novation?
Under contract law and commercial law, novation is the act of changing one duty into another, adding a new responsibility to execute, or changing one party from one to another in an agreement.
How does a novation work?
In a novation, one of two parties to a contract transfers to a third party all of the rights and obligations set forth in the contract. The original agreement is dissolved. In an assignment, one party forfeits all of its rights under the contract but is still liable for the fulfillment of its terms.
To know more about novation visit:
https://brainly.com/question/28026224
#SPJ4
