Contracts
In Washington, an assignment of a purchase agreement transfers:
AOnly the buyer's rights under the contract, not obligations
BBoth the buyer's rights and obligations to the assignee unless the contract prohibits it✓ Correct
COnly the earnest money deposit to the new buyer
DTitle to the property immediately
Explanation
An assignment of a purchase agreement typically transfers both the buyer's rights and obligations to the assignee. However, the original buyer may remain secondarily liable unless specifically released. Many contracts prohibit assignment without seller consent.
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