Answer:
A Legal Assignment is one where,
a. Assignment must be in
writing duly signed by the assignor. In banking practice, it is done through a registered irrevocable power
of attorney where transfer of actionable claim is clear & absolute.
b. A written notice of
assignment containing the name and
address of the assignee is to be sent by the assignor to the debtor.
c. The assignee informs the
principle debtor about the assignment and also gets confirmation of the notice.
In banking business, banker informs the assignor’s debtor with a copy of P.A.
and gets the confirmation of it.
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