Real Estate Principles Test Chapter 9 Contract Law Q387

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#Shorts #Chapter8 #RealEstatePrinciplesTest • Real Estate Principles Test • Chapter 9: Contract Law • Question 387: What happens during the assignment of a contract? • A. New party takes over all contract liability. • B. The assigning party transfers his contract interests to a new party, but remains secondarily liable. • C. A contract is terminated. • D. The Assignee gives back all interests to original assignor before the contract was scheduled to end.. • Correct answer is B. The assigning party transfers his contract interests to a new party, but remains secondarily liable.

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