When you take over a contract from someone else, there are some rules you need to know about. These rules are explained in Sections 54 to 56, but they don't always apply in every situation.

If you're dealing with a mortgage on land, you need to look at a different set of rules. These rules are found in subpart 8 of Part 3 of the Property Law Act 2007.

If you're dealing with a contract for buying goods or services as a consumer, there's a special rule you need to know about. This rule is in Section 46 of the Consumer Guarantees Act 1993.

It's also important to know that these rules don't change anything about how negotiable instruments work. Negotiable instruments are special types of documents used in business, like cheques.