Legal Question in Business Law in Georgia
Assignment
If personA owed me 36,000 and I told personA to give the money to my brother as a birthday gift, before the money was paid, I canceled the assignment and told person A to pay me instead. Can my brother successfully sue on the assingment to get the 36,000?
Asked on 11/20/06, 2:37 pm
1 Answer from Attorneys
Scott Riddle
Law Office of Scott B. Riddle, LLC
Re: Assignment
Maybe. An assignment of payment is a property right. Once it is transferred, the assignor may have no more rights to the payment and, therefore, can't take back what has already been transferred away. It would depend on the specific facts and terms of the agreement.
Answered on 11/20/06, 3:12 pm
Related Questions & Answers
-
Corporation Buyout I formed a corporation along with one other person. We have 50/50... Asked 11/17/06, 2:16 pm in United States Georgia Business Law
-
Late Fees What is the maximum late fee you can be charged in the state of Georgia? Asked 11/16/06, 2:12 pm in United States Georgia Business Law
-
Partnership and corporation question I own 28% of stock in a corporation. I also own... Asked 11/13/06, 12:16 pm in United States Georgia Business Law
-
False advertisements Where can i find more information on laws against false... Asked 11/06/06, 12:45 pm in United States Georgia Business Law
-
Can gratuity be added to restaurants tabs I am a bartender in an atlanta area. When... Asked 11/05/06, 4:52 am in United States Georgia Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
