CORPFIN 7039 Study Guide - Final Guide: Life Insurance, Tax Deduction, Walsh Bay

• School: University of Adelaide
• Department: CORPFIN - Corporate Finance
• Course: CORPFIN 7039
• Professor: ALL

Document Summary

Is there any present property or future property capable of. If equitable chose in action by statute (not mandatory) 1 or go to 2 must comply with that s 11(1)(c) + intention: has the assignor purported to assign rights in the property or the. Property itself? (if property go to future property 3 ) Effective at equity: what rights are we purporting to assign? (legal or equitable?) Nb: rights can be assigned but not obligations. Nb: say when not effective in law or equity. Norman facts n wrote & signed deed which sought to assign right, title and interest to dividends on shares and interest on a loan from partnership. Issue: right or future property: dividends: not effective assignment because of lack of certainty. Once a dividend is declared it becomes a debt (chose in action), up until that point it is merely future property (a possibility). (unanimous) Interest: not assignable property because lack of set dates of repayment.