Contracts
An assignee of a Utah real estate purchase contract takes the contract:
AWith all original terms but free from any defenses the seller had against the original buyer
BSubject to all defenses and claims that existed between the original parties✓ Correct
COnly with written approval from the Utah Division of Real Estate
DWith the right to modify all original contract terms
Explanation
An assignee steps into the shoes of the original party and takes the contract subject to any defenses that existed between the original parties. Unlike a holder in due course of a negotiable instrument, a contract assignee gets no special protections.
Related Utah Contracts Questions
- A Utah lease option contract combines:
- Under the Utah REPC, a seller who fails to close on the agreed date without justification may be in:
- When a seller counters a buyer's offer, the original offer is:
- A Utah listing agreement is automatically renewed if:
- A Utah buyer who removes all contingencies in their purchase contract but the deal later falls apart due to financing:
- In the Utah REPC, an addendum is used to:
- In Utah, a real estate contract signed by a minor is:
- An 'as-is' clause in a Utah Purchase Contract means:
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →