ContractsCâu 62 / 120
The transfer of one's rights and obligations under a contract to another person is called:
a.Escheat
b.Assignment
c.Foreclosure
d.Subordination
Giải thích
Assignment is the transfer of contractual rights (and often duties) from one party to another. Unless the contract prohibits it, many real estate contracts are assignable. The original party may remain secondarily liable unless released through novation.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under an 'exclusive right to sell' listing, the listing broker earns a commission:
- A 'net listing,' which is discouraged or restricted in many jurisdictions, is one in which:
- If a buyer and seller mutually agree to cancel their contract and return to their pre-contract positions, this is called:
- A contract signed by a minor is generally considered:
- 'Time is of the essence' in a real estate contract means:
- An option contract gives the holder (optionee) the:
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