In general,most contracts - including 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 buyer's 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.
Correct Answer:
Verified
Q1: When a buyer signs an offer to
Q2: Since the issues in many transactions are
Q4: Any contract,whether it is for the sale
Q10: At the closing,the buyer will be credited
Q11: The successful conveyance of real estate depends
Q13: The final step in a real estate
Q14: When a party in a contract fails
Q15: Since the seller often has utilized the
Q19: The laws of some states require that
Q20: In certain circumstances,mutual assent between the contracting
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents