Practice question
A finance company takes assignment of the seller’s rights in a personal-property installment sale. Does assignment alone enlarge those rights against the buyer?
- No; the assignee takes subject to the applicable limits
- Yes, it removes all defenses
- Yes, it changes the sale into a donation
- Yes, it doubles the price
- Yes, it abolishes the Civil Code
Legal references
- Borbon II v. Servicewide Specialists, Inc., G.R. No.106418, July 11, 1996, MAIN decision: https://lawphil.net/judjuris/juri1996/jul1996/gr_106418_1996.html
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