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Excerpt:
An assignee’s interest vests as soon as he knows of the assignment, relies on it, or sues on it.
If an assignee is a donee who did not pay for the assignment to him, the original parties may change the contract at any time. But if the assignee a person who paid value the original contract cannot be changed if the assignment has vested.
1st Year Law School Outlines: e book
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Book Details
ISBN / ASINB018KXEV30
ISBN-13978B018KXEV32
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