Contracts
In Colorado, the 'Assignment' of a real estate purchase contract:
AA. Is always permitted without the other party's consent
BB. Transfers the buyer's contractual rights (and obligations) to a third party; most Colorado CBS contracts require seller's written consent for assignment✓ Correct
CC. Automatically occurs when a buyer uses a corporate entity
DD. Only applies to commercial contracts
Explanation
Assignment of a purchase contract involves the buyer transferring their rights and/or obligations under the contract to a third party (assignee). Most Colorado CBS contracts require the seller's written consent for assignment, as the seller has a right to know who will be buying their property. Without a consent clause, assignment may be permissible by default under contract law.
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