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Exam distinction 201 · Contracts

Assignment Versus Novation

An assignment transfers contractual rights, while a delegation transfers duties. The original obligor normally remains responsible unless the other party agrees to a release. A novation is a new agreement that substitutes a party or obligation and releases the one being replaced. Transfer alone is not novation.

Facts checked against the current PSI Candidate Information Bulletin and GREC sources. Last reviewed August 2, 2026. Editorial standards.

What is the exam-ready distinction?

An assignment transfers contractual rights, while a delegation transfers duties. The original obligor normally remains responsible unless the other party agrees to a release. A novation is a new agreement that substitutes a party or obligation and releases the one being replaced. Transfer alone is not novation.
Official syllabus mapping for Assignment Versus Novation
Roadmap post201 of 500
Official syllabus topicContracts: Assignment, Delegation, Substitution, and Liability
Official PSI areaContracts
Published weight19% of the 100-question national portion
Source editionPSI Georgia Candidate Information Bulletin dated July 1, 2026
Content checked throughAugust 2, 2026

The Rule

PSI publishes a weight for the complete official area, not a guaranteed count for this individual comparison. Use the source, document, actor, event, and timing stated in the question before applying a memorized definition.

Side-by-side comparison

Read across each row. The terms are deliberately compared on identical dimensions so the difference remains clear when the exam hides the vocabulary inside a scenario.

Comparison of Assignment, Novation
Decision dimensionAssignmentNovation
Core effectTransfers a contractual right; related duties may be delegated when permittedSubstitutes a new party or obligation through a new agreement
ConsentDepends on the contract and law; assignment can be restrictedRequires agreement of the parties whose rights and duties change
Original partyUsually remains liable for delegated performance unless releasedIs released when a valid novation replaces that party
Exam clueTransfer without an express releaseSubstitution plus consent and release

Decision rule

Identify what moved, whose consent was required, and whether the original party was expressly released from liability.

Georgia-specific distinction

Georgia contract law and the written agreement control assignability, delegation, consent, and release. A Georgia licensee may communicate an agreed transfer but should not declare that a party has been released when the documents do not say so.

Worked example

Scenario. A buyer assigns purchase rights to the buyer's LLC under a contract that permits assignment. The seller never agrees to release the buyer.

Reason it through. The rights moved to the LLC, but the facts contain no new agreement releasing and replacing the original buyer.

Answer. This is an assignment, and the original buyer may remain liable rather than receiving a novation release.

Common exam traps

  • Calling every transfer a novation
  • Ignoring an anti-assignment clause
  • Assuming delegation erases liability
  • Treating assignment of rights and delegation of duties as identical

Original practice questions with detailed explanations

These are original instructional questions mapped to the July 1, 2026 PSI outline. They are not copied from PSI or any live examination. Choose an answer before opening the explanation.

Question 1

Which transaction substitutes a new party and releases the original party?

  1. A. An assignment without release
  2. B. A valid novation
  3. C. A delegation alone
  4. D. A counteroffer
Show answer and explanation →

Answer: B. A valid novation

A valid novation is correct. An assignment transfers contractual rights, while a delegation transfers duties. The original obligor normally remains responsible unless the other party agrees to a release. A novation is a new agreement that substitutes a party or obligation and releases the one being replaced. Transfer alone is not novation. The remaining options, An assignment without release; A delegation alone; A counteroffer, do not match the controlling category or fact.

Question 2

A buyer assigns purchase rights to the buyer's LLC under a contract that permits assignment. The seller never agrees to release the buyer.

  1. A. It is automatically a novation because a new name appears.
  2. B. The original buyer is released by the assignment alone.
  3. C. This is an assignment, and the original buyer may remain liable rather than receiving a novation release.
  4. D. It is a rescission because the buyer changed entities.
Show answer and explanation →

Answer: C. This is an assignment, and the original buyer may remain liable rather than receiving a novation release.

The rights moved to the LLC, but the facts contain no new agreement releasing and replacing the original buyer. The supported conclusion is: This is an assignment, and the original buyer may remain liable rather than receiving a novation release. The other choices replace those controlling facts with a neighboring concept or an unsupported absolute rule.

Question 3

What should a candidate identify first when comparing Assignment Versus Novation?

  1. A. The option with the longest definition, without classifying the facts.
  2. B. A memorized Georgia rule, even when the question asks for a national concept.
  3. C. The answer that sounds most favorable to one party, regardless of the document or event.
  4. D. Identify what moved, whose consent was required, and whether the original party was expressly released from liability.
Show answer and explanation →

Answer: D. Identify what moved, whose consent was required, and whether the original party was expressly released from liability.

Identify what moved, whose consent was required, and whether the original party was expressly released from liability. That sequence identifies the legal category before the label. Definition length ignores the facts, jurisdiction confusion answers a different question, and sympathy cannot replace the document, event, calculation, or governing rule.

Mastery tracking

Mark this distinction mastered only when every statement is true.

  • Define every compared term without using the other term as the definition.
  • Rebuild the comparison table from memory.
  • State the decision rule and Georgia distinction without notes.
  • Solve the worked example after changing one controlling fact.
  • Explain why every trap and distractor is tempting but wrong.
  • Answer all three original questions correctly in mixed practice on a later day.

Recommended next lesson

Continue with Rescission Versus Cancellation Versus Termination. Continue to roadmap comparison 202.

Return to the complete exam-concept library or the Contracts hub.

Assignment Versus Novation questions

Facts checked against the current PSI Candidate Information Bulletin and GREC sources. Last reviewed August 2, 2026. Editorial standards.

Is Assignment Versus Novation on the Georgia real estate exam?

Yes. It maps to the official Contracts area, which represents 19% of the 100-question national portion. PSI does not publish a guaranteed question count for this individual distinction.

What is the fastest way to distinguish Assignment Versus Novation?

Identify what moved, whose consent was required, and whether the original party was expressly released from liability.

What Georgia-specific point should I remember?

Georgia contract law and the written agreement control assignability, delegation, consent, and release. A Georgia licensee may communicate an agreed transfer but should not declare that a party has been released when the documents do not say so.

How should I study similar-looking real estate terms?

Compare the terms across the same dimensions, classify the controlling fact before reading the choices, explain why each distractor belongs to a different concept, and retest the distinction later in mixed practice.