ContractsAssignmentMEDIUM
Assignment of a Wyoming real estate contract:
Correct Answer
B) Transfers the assignor's rights to a third party
Unless prohibited by the contract, assignment transfers rights to a third party. The original party may remain liable unless a novation occurs.
Answer Options
A
Is always prohibitedB
Transfers the assignor's rights to a third partyC
Automatically releases the original partyD
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Related Topics & Key Terms
Related Topics:
novationdelegationcontract-rightswholesale-real-estatesecondary-liabilityWyoming-purchase-contract
Key Terms:
assignmentnovationassignorassigneesecondary liabilitycontract rightsWyoming
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