Stanley Matthews

“ If the assignee of the chose in action is unable to assert in a court of law the legal right of the assignor, which in equity is vested in him, then the jurisdiction of a court of chancery may be invoked, because it is the proper forum for the enforcement of equitable interests, and because there is no adequate remedy at law ”

“ Jur. § 1057a, is cited and relied on in argument, in which that learned author, after stating that it had been 'recently held that the assignee of a debt, not in itself negotiable, is not entitled to sue the debtor for it in equity, unless some circumstances intervened which show that his remedy at law is, or may be, obstructed by the assignor,' adds that 'this doctrine is apparently new, at least in the broad extent in which it is laid down, and does not seem to have been generally adopted in America. ”

“ On the contrary, the more general principle established in this country seems to be that wherever an assignee has an equitable right or interest in a debt or other property, (as the assignee of a debt certainly has,) then a court of equity is the proper forum to enforce it ”