This case has been cited 1 times or more.
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2015-03-25 |
PERLAS-BERNABE, J. |
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| Case law states that when a person assigns his credit to another person, the latter is deemed subrogated to the rights as well as to the obligations of the former.[52] By virtue of the Deed of Assignment, the assignee is deemed subrogated to the rights and obligations of the assignor and is bound by exactly the same conditions as those which bound the assignor.[53] Accordingly, an assignee cannot acquire greater rights than those pertaining to the assignor.[54] The general rule is that an assignee of a non-negotiable chose in action acquires no greater right than what was possessed by his assignor and simply stands into the shoes of the latter.[55] | |||||