Black's Law Dictionary (2nd edition)dictionaries

Novation

Novation is the substitu-tion of a new debt or obligation for an exist-ing one. Civ. Code Cal. § 1530; Civ. Code Dak. ft 863; Hard v. Burton, 62 Vt. 314, 20 Atl. 269; McCartney v. Kipp, 171 Pa. 644, 33 Atl. 233; McDonnell v. Alabama Gold L. lns. Co., 85 Ala. 401, 5 South. 120; Shafer’s Appeal, 99 Pa. 246

Source: Black’s Law Dictionary 2nd Ed (1910)