Multiple Choice
Zack buys a house from Steven,agreeing to assume the outstanding mortgage on the property held by Big Bank.Zack fails to make the mortgage payment.Which of the following statements is true?
A) Zack can sue Steven for the mortgage payments.
B) Steven is primarily liable for the mortgage.
C) Big Bank has a cause of action against Steven only.
D) If Big Bank sues Steven,Steven has an action against Zack for breach of contract.
Correct Answer:
Verified
Correct Answer:
Verified
Q80: The effect of a valid delegation of
Q81: Apple assigns the same contract rights to
Q82: Which of the following statements about a
Q83: The Mandarin City contracts with the Zoid
Q84: Which of the following statements about the
Q85: Stella buys a car from Marble Sales
Q86: An incidental beneficiary of a contract cannot
Q87: All contract rights are assignable.
Q89: The sources of assignment law today are
Q90: The transfer of a right under a