If the assignor agrees to continue paying rent to the lessor and subsequently defaults, the lessor can sue both the assignor under the original contract signed with the lessor as well as the assignee because by taking possession of the property interest, the assignee has obliged himself to perform duties under covenant such as the payment of rent.
32.
V . H . Mathushek became sole owner of the company in 1886 and the firm became " Mathushek & Son ", located at 108 East 125th street and 242-244 East 122nd street and showed $ 35, 000 in assets in 1887, but in April, 1888 the company was turned over to assignors.
33.
Suppose, for example, a case where an express assignment of a specific debt by way of security were accompanied by a provision that reserved to the assignor the right, terminable by written notice from the assignee, to collect the debt and to use the proceeds for its ( the assignor's ) business purposes, ie, a right, terminable on notice, for the assignor to withdraw the proceeds of the debt from the security.
34.
Suppose, for example, a case where an express assignment of a specific debt by way of security were accompanied by a provision that reserved to the assignor the right, terminable by written notice from the assignee, to collect the debt and to use the proceeds for its ( the assignor's ) business purposes, ie, a right, terminable on notice, for the assignor to withdraw the proceeds of the debt from the security.
35.
Suppose, for example, a case where an express assignment of a specific debt by way of security were accompanied by a provision that reserved to the assignor the right, terminable by written notice from the assignee, to collect the debt and to use the proceeds for its ( the assignor's ) business purposes, ie, a right, terminable on notice, for the assignor to withdraw the proceeds of the debt from the security.
36.
For example, if Party A contracts with Party B to sell Party A's car to Party B for $ 10, Party A can later assign the benefits of the contract-i . e ., the right to be paid $ 10-to Party C . In this scenario, Party A is the "'obligee / assignor "', Party B is an "'obligor "', and Party C is the "'assignee " '.
37.
In 1846, Goodyear granted what amounted to a royalty-free exclusive license to E . M . Chaffee, the assignor to the Providence Rubber Company ( Providence ), to " use " the patented " metallic gum-elastic composition for coating of cloths for the purpose of japanning, marbling, and variegate japanning, at his own establishment, but not to be disposed of to others for that purpose without the consent of said Goodyear . " Further, the licensee was to pay Goodyear " at the rate of three cents per square yard of cloth japanned, marbled, or variegated as aforesaid . " The license expressly provided that it did not " convey any right to make any contract with the government of the United States ."
