Search results
Results From The WOW.Com Content Network
Assignment [a] is a legal term used in the context of the laws of contract and of property. In both instances, assignment is the process whereby a person, the assignor, transfers rights or benefits to another, the assignee. [1] An assignment may not transfer a duty, burden or detriment without the express agreement of the assignee.
In the United States, a general assignment or an assignment for the benefit of creditors is simply a contract whereby the insolvent entity ("Assignor") transfers legal and equitable title, as well as custody and control of its property, to a third party ("Assignee") in trust, to apply the proceeds of sale to the assignor's creditors in accord with priorities established by law.
Similarly, in many common law legal systems, where there is an assignment of a debt, the assignee cannot enforce the rights of the assigning creditor against the debtor unless notice of the assignment has been given, and until notice of the assignment has been given, the debtor can still discharge the debt by paying the money to the creditor ...
Notwithstanding the terms of this loss payable clause and notwithstanding notice of assignment, unless and until brokers receive notice from the Assignee to the contrary, brokers shall be empowered to arrange their proportion of any collision and/or salvage guarantee to be given in the event of bail being required in order to prevent the arrest ...
Assignment (housing law), a concept that allows the transfer of a tenancy from one person to another Assignment (law), a transfer of rights between two parties Along with clearing, a stage in exercising a financial option
Temporary duty travel (TDY), also sometimes referred to as Temporary Additional Duty (TAD) in the US Navy and US Marine Corps, is a duty status designation reflecting a US Government Employee's official travel or assignment at a location other than the employee's permanent duty station.
However, note that if Alice records her interest before Bob's purchase, this recordation will be deemed to give Bob constructive notice. If Bob purchases the land without notice, and Alice then records her prior purchase before Bob records his own purchase, then Bob will still prevail in ownership of the land. The benefit of a pure notice ...
Notice is the legal concept describing a requirement that a party be aware of legal process affecting their rights, obligations or duties. There are several types of notice: public notice (or legal notice), actual notice , constructive notice .