Sunday, March 19, 2006

Assignments and Delegations

I.        Assignments and Delegations
        A.        Transfer of rights = assignment
                1.        All rights are assignable unless the assignment varies or changes the obligation
        B.        Transfer of duties = delegation
                1.        Personal duties can not be delegated
II.        Vesting (how does a party vest itself)
        A.        Knowledge
        B.        Assent
        C.        Reliance
        D.        Legal Action

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