logo

Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

what does the term 'assignee' mean?

Date: Wed, 12/28/2005 - 07:07

Submitted by anonymous
on Wed, 12/28/2005 - 07:07

Posts: 202330 Credits: [Donate]

Total Replies: 3


what does this title mean or represent


Hi Billie

Welcome to the forums.

In an assignment, a person can transfer the ownership, rights, or interests in property to another person. The person to whom the contract is assigned is known as the ???assignee'. The person who has transferred the contract is known as assignor.

Hope this answers your query.

Regards
Roxette


lrhall41

Submitted by roxette on Wed, 12/28/2005 - 08:38

( Posts: 4009 | Credits: )


Quote:

Originally Posted by ARUN JOY
Assignees are either assignees in fact or assignees in law. An assignee in fact is one to whom an assignment has been made in fact by the party having the right. An assignee in law is one in whom the law vest's the right, as an executor or administrator


Above post copied from http://legal-dictionary.thefreedictionary.com/assignees


lrhall41

Submitted by DebtCruncher on Wed, 11/25/2009 - 14:52

( Posts: 2293 | Credits: )