An assignee's rights are subject to any defenses that the obligor has against the assignor.

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This statement is known as the "equitable assignment rule." It means that when an assignment is made, the assignee steps into the shoes of the assignor and takes on all of their rights and obligations. However, the assignee's rights are still subject to any defenses or disputes that the obligor may have had with the original assignor. This rule applies in most situations, although there are some exceptions and limitations depending on the specific circumstances.

An Assignee's Rights Are Subject to Any Defenses That the Obligor