Which of the following describes the requirements for statutory assignment of contract rights?

• A. In writing, absolute, notice must be given
• B. Oral agreement with no notice
• C. Only required for land interests
• D. Not required at all

Answer: (A)

The key idea is that a statutory assignment of contract rights must be clear and binding in a way that protects everyone involved. For an assignment to be valid and enforceable, the transfer of rights has to be in writing, it must be unconditional (absolute) so the assignee truly steps into the rights without ongoing conditions tied to the assignor, and the other party to the contract must be given notice.

Why this is the best fit: a written assignment creates a solid, auditable record of who has the rights, reduces confusion about who is owed performance or payment, and makes the new holder of the rights officially recognized. Making the assignment absolute ensures there’s no leftover claim or expectation that the original party still has control or liability over those rights. Notifying the other party ensures they know who to deal with and where payments and performance should go, which is essential for the contract to continue smoothly after the transfer.

Oral agreements with no notice don’t satisfy the requirement for a formal, legally effective transfer, and assignments aren’t limited to land interests nor are they irrelevant—statutory rules generally apply to contract rights broadly to ensure clarity and enforceability.