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Legal assignment: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "In a game of legal contract top trumps a legal assignment beats an equitable assignment, but must meet certain formalities set out in the Law of Property Act 192...") |
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In a game of [[legal contract top trumps]] a [[legal assignment]] beats an [[equitable assignment]], | {{anat|security}} | ||
In a game of [[legal contract top trumps]], a [[legal assignment]] beats an [[equitable assignment]], except in the “fewest formalities needed to work” category, because it must meet certain formalities set out in the [[Law of Property Act 1925]]: | |||
*it must be absolute (unconditional). | *it must be absolute (unconditional). | ||
*it mustr not not be by way of [[charge]] or security only: an assignment by way of security cannot be a [[legal assignment]]. | *it mustr not not be by way of [[charge]] or security only: an assignment by way of security cannot be a [[legal assignment]]. | ||