Which of the following is true of an assignment?
A) The assignor is liable to the landlord for damages.
B) The assignee and the landlord have no legal relationship.
C) The assignor is no longer responsible for the obligations under the lease.
D) The assignee acquires all the rights that the assignor had under the lease.

Question

Quizplus · Accepted Answer

An assignment is a legal transfer of rights and obligations from one party to another. In this case, the assignee acquires all the rights that the assignor had under the lease, including the obligation to pay rent and maintain the property. The assignor is no longer responsible for the obligations under the lease, but may still be liable to the landlord for damages if the assignee fails to meet those obligations. The assignee and the landlord do have a legal relationship, as the assignee has taken over the lease and is now responsible for fulfilling its terms.

Which of the Following Is True of an Assignment