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Assignment and relinquishment

Assignment and relinquishment, in the case of an assignment, the assignor continues to be liable to the landlord for the performance of his obligation under the tenancy and this

Landlord and tenant

not affect the premises comprised in the lease, although, of course, if the assignee has covenanted with his assignor to the like effect, he becomes bound by his personal contract with the latter. Formerly, covenants in respect

Debt

express written notice of the assignment is given to the debtor, trustee, or other person from whom the assignor would have been entitled to claim such a debt [(English) Law of Property Act, 1925, s. 136, and

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Assignee, or Assign

business; also a person who takes some right, title, or interest in things by an assignment from an assignor. They are divided into: (1) assignees by deed, as when a lessee of a term assigns it to

Assignee

the protean nature of the term and are therefore often forced to look to the intent of the assignor and assignee in making the assignment, rather than to the formality of the use of the term assignee

warrant

a warranty (as of title) to b : to protect or assure by warranty [the ed goods] [an assignor is not liable for defaults of the obligor and does not his solvency "Restatement (Second) of Contracts"] c

subordinate

satisfaction of until after satisfaction of another [the equitable assignee will be subordinated to the rights of the assignor's trustee in bankruptcy "J. D. Calamari and J. M. Perillo"]

Retrocession

Retrocession, a re-assignment of inheritable rights to the cedent or original assignor, Civ. Law. Means the act of ceding something back (such as a territory or jurisdiction); the return of

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