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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