Contracts
Iowa's assignment of contract clause allows the buyer to:
AChange the purchase price after signing
BTransfer their contractual rights and obligations to a third party, if not prohibited by the contract✓ Correct
CReassign the property's legal description
DTransfer their earnest money to a new property
Explanation
An assignment transfers the buyer's rights under the purchase agreement to a third party. Iowa purchase agreements may allow or prohibit assignment. If permitted, the buyer can assign their rights to another purchaser, though the original buyer may remain liable unless specifically released.
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