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Tenant has a lease on an apartment

Tenant has a lease on an apartment through December of the current year. Tenant and Newtenant go to Landlord to have Newtenant take over the lease through the end of December. Landlord agrees and releases Tenant from any responsibility under the lease. This is a(n):
A. substituted contract.
B. accord and satisfaction.
C. novation.
D. mutual rescission.

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Tenant has a lease on an apartment through December of the current year. Tenant and Newtenant go to Landlord to have Newtenant ...

Solution Summary

Tenant has a lease on an apartment through December of the current year. Tenant and Newtenant go to Landlord to have Newtenant take over the lease through the end of December. Landlord agrees and releases Tenant from any responsibility under the lease. This is a(n):
A. substituted contract.
B. accord and satisfaction.
C. novation.
D. mutual rescission.

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