In general, most contracts - including a real estate contract - can be assigned. All of the following statements regarding assignment are true EXCEPT:
A) Any type of personal performance contracted by one party cannot be assigned without that party's permission.
B) Land contracts are not assignable without the owner's permission
C) If buyers of real estate assign the contract, the new buyers may pay the agreed upon price and obtain title to the property.
D) When buyers assign their rights to someone else, they escape liability under the original contract.

Question

Quizplus · Accepted Answer

When a party assigns their rights under a contract, they are still liable for any obligations that existed prior to the assignment. The assignee assumes the rights and obligations of the original party. Therefore, statement D is false. Statements A, B, and C are true.

In General, Most Contracts - Including a Real Estate Contract