Contracts
An assignment of contract in Florida means that:
AOne party substitutes a new party for themselves in the contract
BThe original parties remain and the contract's performance obligations are transferred to a third party✓ Correct
CThe contract is cancelled and both parties are released
DThe title is transferred before closing
Explanation
An assignment transfers the rights and obligations of a contract to a third party. The original assignor may still have secondary liability unless the other party releases them through novation.
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