answersLogoWhite

0


Best Answer

It means that the parties listed in the agreement are the only ones who are a part of this agreement. For example, the seller agrees to sell you his house, you may decide you don't want to buy it, but your sister does and assign the contract to her. This would not be allowed to happen. An example on the buyer's side would be if a buyer has a contract to purchase a new home from a builder. That builder cannot decide he is too busy and get a different builder to come and build your house. This way both parties are assured as to who they are dealing with at all times. If both parties do agree, the contract can be assigned or transferred; otherwise not.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does The Memorandum of Purchase may not be transferred or assigned mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is abbreviation moa mean?

Memorandum of Association


What does capital transfer mean?

Capital transfer means a transaction that is in cash or kind where the ownership of the asset is transferred fro on unit to another. Capital transfers can be where cash is transferred so the recipient can purchase another asset.


How do you say pongase el carnet in English?

It could mean: 'Get the bank/memorandum book'.


What does 'CC' mean on a memorandum?

"CC" stands for "carbon copy," which simply means the person or people to which the memorandum is being sent a copy. Typically, there is the main person or people to which the memo is addressed (TO:) and then copies can be sent to others.


What does Disposition Assigned mean?

what Eva you wanna it to be


What does it mean for heat to be transferred by radiation?

Energy is transferred when molecules absorb electromagnetic waves.


Does reflected mean transferred?

Reflected can be call as transferred, But it is not transferred because reflaction is a process in which light, heat or sound hits a surface of reflaction and changes its directionafter hitting.


Does sold mean to add or subtract?

I think subtract.


What does the abbreviation AAU mean?

Assigned amount units


What does it mean for heat to be transferred by thermal conduction?

Energy is transferred when one molecule collides with another.


What does a patrolwoman mean?

A policewoman who patrols or polices an assigned area.


What does 'energy transferred' mean?

Energy can be transferred from one location to another as in the sun's energy travels through space to Earth. The two ways that energy can be transferred are by doing work and heat transfer. Also energy can be transferred from one object to another.