A buyer in Lancaster County signs a PA Agreement of Sale. The agreement includes a provision allowing the buyer to assign the contract to another party. Under Pennsylvania law, which statement about contract assignment is correct?
Correct Answer
A) Assignment is permitted only if the agreement expressly allows it or the seller consents
In Pennsylvania, the right to assign a real estate contract depends on the terms of the agreement. The PAR Agreement of Sale may contain provisions addressing assignment, and generally the buyer can assign the contract only if the agreement allows it or the seller provides consent.
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