Asked by
Harvey Fisher
on Nov 30, 2024
Verified
The general rule is that an assignee stands in the shoes of the assignor. He acquires the rights of the assignor but acquires no new or additional rights.
Assignee
An individual or entity to whom rights or interests have been transferred by another party.
Assignor
A party who transfers rights or interests in a property, contract or other legal entity to another party, known as the assignee.
- Understand the legal effects of an assignee's standing and the principle of "stepping into the shoes" of the assignor.
Verified Answer
LC
Learning Objectives
- Understand the legal effects of an assignee's standing and the principle of "stepping into the shoes" of the assignor.