Contracts
Assignment of a purchase contract transfers the buyer's contractual rights to a third party. The original buyer:
AIs always released from liability upon assignment
BMay remain liable unless the seller expressly releases them (novation)✓ Correct
CAutomatically receives a commission for the assignment
DMust obtain NJREC approval before assigning
Explanation
Assignment transfers rights but not necessarily obligations; the original buyer remains liable to the seller unless the seller specifically releases them through a novation.
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