Assignation Flashcards
What is assignation?
Transfer of incorporeal property
What do we call the person doing the transfer?
Transferor/ the assignor or the cedent
What do we call the person receiving the right?
the transferee or the assignee
What is the third party called?
The debtor
If you transfer an incororepal thing what is it often?
A personal right
Can all personal rights be transferred?
No
What type of personal rights cannot be transferred?
Deletes Personai: rights against a specific person
What persona right is often transferred?
The right to payment of money
What is the condition of assigning the right to money to someone?
That the debtor must know the transfer of the right has occurred
Do you need to give consent for this right to money to be transferred to someone else?
No, you simply must know of it.
Does there need to be a contract for assignation?
Yes, it can be written or verbal.
What stage is done through this deed?
Contract and conveyance stage as nothing corporeal so bit of paper works instead.
As conveyance stage also done here what is that deed called?
Deed of assignation
When is conveyance completed?
When deed handed over
Is there a standard form of specific wording for deed?
No, but it must be clear what is being transferred and to whom.
Specifics must all be there.