Commentary

15 Meaning of absolute assignment

CHOSES IN ACTION vol 7
| Commentary

15 Meaning of absolute assignment

| Commentary

15 Meaning of absolute assignment

An assignment is absolute if it purports to pass the entire interest of the assignor in the chose in action, notwithstanding that the assignor may have a right of redemption or reassignment of the chose in action1. An assignment is ‘by way of charge only’ when it gives a right to payment out of a particular fund or particular property without transferring that fund or property2.

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