ContractsAssignmentMEDIUM
Assignment of contract in North Dakota:
Correct Answer
B) Transfers rights to a third party
Unless prohibited, assignment transfers rights to a third party. The original party may remain liable without a novation.
Answer Options
A
Is prohibitedB
Transfers rights to a third partyC
Releases the original party automaticallyD
Needs Commission approvalWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Background Knowledge for Contracts
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Real World Application in Contracts
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Related Topics & Key Terms
Related Topics:
novationtransferability
Key Terms:
assignmenttransferstill liable
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