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Jack bought a boat from Sam Seller. He made a $500 down payment and agreed to make monthly payments to Sam of $200/month for three

Jack bought a boat from Sam Seller. He made a $500 down payment and agreed to make monthly payments to Sam of $200/month for three years. After a year, Sam agreed to release Jack from the contract and accept future payments instead from Ken, who agreed to become liable for the boat payments. This substitution is an example of which of the following?

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