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1. Is a contract subject to involvement of third parties after the time of its formation? 2. What is a novation? 3. What are the

1. Is a contract subject to involvement of third parties after the time of its formation?

2. What is a novation?

3. What are the basic performance covenants under a contract?

4. Assuming no conditions are in effect, are there any excuses from enforcement of a contract?

5. How can the parties change their performance obligations?

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