ContractsCâu 65 / 100
The transfer of a contract's rights and duties to another party, where the original party may remain secondarily liable, is:
a.Assignment
b.Novation
c.Rescission
d.Subordination
Giải thích
An assignment transfers a party's contractual rights and obligations to a third party, but the original party can remain secondarily liable if the assignee fails to perform. Novation, by contrast, fully releases the original party. Many contracts allow assignment unless expressly prohibited.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A net listing, which is discouraged or restricted in many states, is one where the broker's commission is:
- Specific performance is a legal remedy in which a court orders:
- The cancellation of a contract that returns the parties to their positions before it was formed is called:
- In many New York residential transactions, attorneys review and negotiate the contract of sale before it becomes binding during a period informally called:
- A void contract is one that:
- Consideration in a contract refers to:
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