Assignment (law)

Definition and stakes

Samuel Nelson,  Bradford v. Williams — Opinion of the Court

“ The act just recited provides that the assignee shall be vested 'with the same rights, powers, and capacities as might have been possessed by the obligees,' and inasmuch as the bonds were uncollectable, at law, in the hands of the obligees, it has been argued that, upon the words of the statute providing for the assignment and suit in the name of the assignee, they must be equally invalid and inoperative after the assignment, and in his hands. ”
Source: Wikisource

by John Marshall,  Bayley v. Greenleaf — Opinion of the Court

“ Mitford, (9 Ves. jur.) the Master of the Rolls says, 'between a particular assignment for valuable consideration, and an assignment by operation of law, such a distinction has always been made, that the effect of the one is not necessarily to be inferred from that produced by the other.' In the same case he says, 'I have always understood the assignment from the commissioners, like any other assignment by operation of law, passed his rights precisely in the same plight and condition as he possessed them. ”
Source: Wikisource

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