BSL_16- Transfer of Contract

BSL_16- Transfer of Contract - BSL_16 17:21

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BSL_16 17:21 Transfer of Contract rights and/or duties Assignment o Terms o All rights can be assigned unless o Rights of Assignee o Assignor’s Liability Implied Warranty If assignment is supported by consideration, then it comes with an  automatic guarantee from the assignor that the contract is enforceable  but  no guarantee that the obligor will pay Express Warranty If the obligor doesn’t pay for any reason the assignor will pay o Importance of notifying obligor of assignment If obligor performs contract before receiving notice, they have no liability to  an assignee If after receiving notification the obligor performs the original contract, they  are still liable to perform to the assignee o Successive assignments (when an assignor assigns the same right to more than  one assignee in succession) Majority (American) Rule:  “1
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BSL_16- Transfer of Contract - BSL_16 17:21

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