Gregory and Philip are contracting to buy and sell mortgages for their respective banks. In order to limit their ability to assign their rights under the contract, the parties will want to include a(n) ________
A) refusal to assign clause.
B) antiassignment clause.
C) no right to assign clause.
D) obligator deference clause.
E) limited liability clause.

Question

Quizplus · Accepted Answer

An antiassignment clause is specifically designed to limit or prevent the parties from assigning their rights under a contract to another party. This ensures that the original parties remain bound to their obligations and rights without the possibility of transferring them to others.

Gregory and Philip Are Contracting to Buy and Sell Mortgages