Assignment Flashcards
1
Q
Who are the parties in an assignment?
A
Obligor, Assignor, Assignee
2
Q
What is the GR for assignments?
A
Rights are freely assignable and duties are freely delegable unless there is an anti-assignment or anti-delegation clause or if the rights or duties are too personal.
3
Q
Rights are too personal to be assigned if the assignment would:
A
- Materially change the duty of the obligor
- Increase materially the burden or risk imposed on him by his K, or
- Impair materially his chance of obtaining return performance
