Contracts
In Missouri, an 'assignment of contract' in real estate allows:
AThe seller to change the terms unilaterally
BThe buyer to transfer their contract rights to a third party, unless prohibited by contract✓ Correct
CMREC to override contract terms
DOnly commercial transactions
Explanation
Contract assignment transfers the buyer's contractual rights and obligations to a new buyer. In Missouri, assignments are permitted unless the contract specifically prohibits them. Sellers may not want assignments, especially to anonymous third parties.
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