Contracts (alternative)
In Maryland, when a real estate contract is 'assigned,' the original buyer who assigns their rights remains liable unless:
AThe original buyer waives their rights in writing
BA novation substitutes the new buyer and releases the original buyer with the seller's consent✓ Correct
CThe assignment is recorded in the land records
DMREC approves the assignment
Explanation
Assignment transfers rights but not necessarily obligations. To release the original buyer from liability, a novation must occur — the seller must consent to accepting the new buyer as the sole obligor.
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