248. Assignment subject to equities.

As between the assignor and assignee of a debt1 or of a fund in the hands of trustees2, the assignee's title is complete even though no notice is given to the debtor or the trustee. Notice, however, should be given to the debtor or trustee to prevent payment to the assignor, for such payment by the debtor or trustee, without knowledge of the assignment, operates as a satisfaction of the debt or claim3. Where the debtor has been released in a general settlement of accounts the release is equally effectual

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