GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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18:45 Dec 15, 2003 |
Spanish to English translations [PRO] Law/Patents - Law: Contract(s) / contrato | |||||
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| Selected response from: Marian Greenfield Local time: 10:48 | ||||
Grading comment
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that the grantors/franchisers/licensors/etc... Explanation: ... depending on what is being awarded.. may enforce against third parties any exceptions that could have been enforced against the franchisee/licensee/etc. oponer - enforce |
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that the assignors may raise any defense against third party creditors that they could have raised Explanation: against the concessionary (dealer) In other words, if the defense of fraud applies (forged invoices, for example), the assignor should be able to use that defense against the creditors, too. -------------------------------------------------- Note added at 6 mins (2003-12-15 18:52:43 GMT) -------------------------------------------------- sorry, \"licensor\" is better than \"assignor\" -------------------------------------------------- Note added at 13 mins (2003-12-15 18:59:03 GMT) -------------------------------------------------- The primary creditor might not want to be bothered with collecting his debts, so he sells them at a discount to third-party creditors (probably banks or collection agencies). If the debtor can raise a valid objection to paying the primary debtor\'s invoices (e.g., fraud), the same defense should be enforceable against the collection agency or bank that\'s trying to collect. |
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