ContractsCâu 68 / 120
A contract provision allowing a buyer to transfer their rights and obligations under the purchase contract to another buyer is a(n):
a.Habendum clause
b.Subordination clause
c.Defeasance clause
d.Assignment clause
Giải thích
An assignment clause permits the buyer to assign the contract to a third party, who then steps into the buyer's position, subject to any limits in the contract. Some contracts restrict or prohibit assignment without the seller's consent.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The 'parol evidence rule' generally prevents a party from:
- In Texas, the Seller's Disclosure Notice for residential property generally requires the seller to disclose:
- An 'as-is' clause in a purchase contract generally means the buyer agrees to:
- An assignment of a contract typically transfers:
- A contract in which all parties have fully performed their obligations is described as:
- For an acceptance to create a binding contract under the common law 'mirror image' rule, the acceptance must:
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