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" It is a general and well settled principle that the assignee of a chose in action takes it subject to the same equity it was subject to in the hands of the assignor, but this rule is generally understood to mean the equity residing in the original obligor... "
Kirchwey's Cases on the Law of Mortgage - Page 540
by George Washington Kirchwey, Isaac Maurice Wormser - 1917 - 764 pages
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Reports of Cases Argued and Decided in the Supreme Court of the ..., Book 13

United States. Supreme Court - Law reports, digests, etc - 1883
...indorsement and delivery. The other cases relied on in the argument go no further, unless it be to show that the assignee of a chose in action takes it subject to the equities subsisting between the original parties. But it is said the "assignment could be effected...
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Cases Argued and Decided in the Supreme Court of Mississippi ..., Volume 9

Mississippi. Supreme Court - Law reports, digests, etc - 1844
...al. express contract, ought to be first satisfied out of it? I understand the rule in equity to be, that the assignee of a chose in action, takes it subject to all the equities which existed against it, while it was in the hands of the assignor. It is contended...
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Reports of Cases Determined in the Supreme Court of the State of ..., Volume 135

California. Supreme Court - Law reports, digests, etc - 1906
...and quoting from the well-considered case of Duke v. Clark, 58 Miss. 465, at page 474, "It is true that the assignee of a chose in action takes it subject to all the equities to which it was subject in the hands of the assignor, but the equities meant are such...
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The Bankers' Magazine, Volume 37

Banks and banking - 1877
...; and with all respect, the reasoning of the decision is unsatisfactory. No doubt it has been held that the assignee of a chose in action takes it subject to its equities ; but this was not a chose in action, it was the transfer of a legal right of property...
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Pennsylvania State Reports, Volume 43

Pennsylvania. Supreme Court - Law reports, digests, etc - 1864
...the recognisance, and asserted no claim or set-off, that he was ready to pay the balance. The rule that the assignee of a chose in action takes it, subject to all the equities subsisting between the original parties, is no more familiar than exceptionable, when...
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