Professional Documents
Culture Documents
Arts. 1624-1635
Assignment of Credit
Contract by which one person transfers to another his rights and actions against a third person in consideration of a price certain in money or its equivalent To affect third persons, it must appear in a public instrument Consent of the debtor is not essential, notice is sufficient. Purpose of notice: to inform the debtor that from the date of the assignment he should make payment to the assignee and not to the original creditor
Violation of warranty
Vendor in good faith: Limited to the price received and to the expenses of the contract Vendor in bad faith: Liable not only for the payment of the price and all expenses but also for damages