A valid assignment takes effect the moment it is made regardless of whether notice of the assignment is given to the other party to the contract. If the obligor is notified that there has been an assignment and that any money due must be paid to the assignee, the obligor's obligation can only be discharged by making payment to the assignee. In other words, payment to the assignor would not satisfy the contract after notice.
Albuquerque New Mexico Notice of Assignment by Assignee of Right to Payments
Category:
State:
Multi-State
City:
Albuquerque
Control #:
US-02374BG
Format:
Word;
PDF;
Rich Text
Instant download
