Question

Contracts that are personal in nature are NOT assignable:______

a. under any circumstances.
b. without justifiable reason.
c. without consent.
d. all of the above.

Answer 1

C.

Step-by-step explanation:

Contract in the context of business is defined as a legally binding agreement . This means that the parties involved in a contract agreement have legally agreed to be committed to the terms and conditions of the business.

However , contracts that are personal in nature can only be assigned to other parties , where the assignee guaranties the assignor the right to the contract with the consent of the parties initially involved in the contract ,and a specific provision in the contract permits it , provided performance will not be materially changed.

Without consent , it is not assignable.