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What does novation means

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Reference no: EM132741405

Problem 1: Novation means

a) The buyer can back out of the deal without penalty

b) The buyer's positon can be passed on to another investor.

C) The seller's positon can be passed on to another investor.

d) Both the buyer's and seller's positons can be passed on to another investors.

Problem 2: Novation is also called assignability

a) True

b ) False

Reference no: EM132741405

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