Where an assignment of a debt is equitable only
A)the assignee alone can sue the debtor to enforce payment.
B)both the assignor and assignee must sue together to enforce the payment.
C)the assignor alone can sue the debtor to enforce payment.
D)none of the above
E)all of the above

Question

Quizplus · Accepted Answer

When an assignment of a debt is equitable only, both the assignor (the original party owed the debt) and the assignee (the party to whom the debt has been assigned) must sue together to enforce payment. This is because the legal title has not been transferred to the assignee; thus, the assignor's involvement is necessary for legal action.

Where an Assignment of a Debt Is Equitable Only