Contracts
An 'assignment' clause in a purchase contract determines whether:
AThe seller can assign their seller responsibilities to a third party
BThe buyer can transfer their contractual rights to another party✓ Correct
CThe contract automatically extends if the closing date passes
DThe listing agent can be replaced during the contract period
Explanation
An assignment clause addresses whether the buyer can transfer (assign) their rights and obligations under the contract to another party (assignee). Some contracts prohibit assignment without seller consent; others allow it freely.
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