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Novation

Novation, the substitution, with the creditor's consent, of a new debtor for an old one. The cases on novation

novation

novation [Late Latin novatio renewal, legal novation, from Latin novare to make new, from novus new] : the substitution

Novator

Matched in: Term Novator

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Novation

Innovation

accord

was agreed upon usually used in the phrase accord and satisfaction; called also executory accord compare composition, compromise, novation, satisfaction substituted contract at contract, transaction

contract

a prior contract that takes the place of and discharges the obligations under the prior contract compare accord, novation syn·al·lag·mat·ic contract in the civil law of Louisiana : bilateral contract in this entry unilateral contract : a

performance

what is required to be performed in fulfillment of a contract, promise, or obligation [substituted a new in novation of the contract] b : the fulfillment of a contract, promise, or obligation part performance 1 : partial

substitution

official capacity) c : the replacement of a new agreement or obligation for an old one see also novation sub·sti·tu·tion·al [-shə-nəl] n sub·sti·tu·tion·ary [-shə-nər-ē] adj

Expromission

Expromission, a species of novation, as a creditor's acceptance of a new debtor, who takes the place of the old debtor, who is

Novatio non pr'sumitur

Novatio non pr'sumitur, (A novation is not presumed.)

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