Blake agreed to renovate Jane's house, and they drafted a written ...

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Blake agreed to renovate Jane's house, and they drafted a written contract. However, Blake was unable to complete the renovation due to an accident. Blake's friend, Tom, agreed to complete the job, and Jane agreed to release Blake from the contract. The terms of the old contract remained the same. This process of substitution of a contract is known as a(n) _____.
 A) rescission
 B) novation
 C) option
 D) counteroffer

Question 2

When a buyer assigns the right to goods under a contract, the buyer's liability to make payment to the seller is:
 A)transferred to the third party.
 B) terminated.
 C) still in effect.
 D) shared equally with the third party.

[Silverbeard98]

Answer to Question 1

B

Answer to Question 2

C

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Thanks for the timely response, appreciate it

[kishoreddi]

Great answer, keep it coming