In General, Most Contracts - Including a Real Estate Contract

question 1

Multiple Choice

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.

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Definitions:

Self-Esteem

Someone's internal judgment of their own value or significance.

Clinical Depression

A medical condition characterized by persistent feelings of sadness, loss of interest, and a range of emotional and physical problems, significantly impacting daily life.

Low Self-Esteem

A condition characterized by a lack of confidence and feeling negatively about oneself, impacting one's overall psychological health.

Positive Illusions

Cognitive biases or distortions that contribute to viewing oneself or reality in an overly favorable manner, often linked to improved mental health outcomes.