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A key distinction between succession and assignment of a contract is that in assignment:
ACourt sanction is always required
BOnly the liability passes
COnly the benefit can be assigned, not the liability
DBoth benefit and burden pass
Answer & Solution
Correct answer: C. Only the benefit can be assigned, not the liability
On succession both benefits and burdens may devolve (limited to inherited estate); in assignment only the benefit can be transferred, a debtor cannot assign away his liability.
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