absolute assignment meaning
[Law]
See ASSIGNMENT.
See ASSIGNMENT.
Examples
- However, an absolute assignment does not require consideration to be given.
- The Judicature Act of 1873, s . 25 ( 6 ), enacted that the legal right to a debt or other legal chose in action could be passed by absolute assignment in writing under the hand of the assignor.
- These requirements are fundamental characteristics of a statutory assignment : Absolute assignment ( an unconditional transfer : conditions precedent or part of a debt are not absolute ) and the assignment must be made in writing and signed by the assignor, and in particular, this applies to real property.