Bank of Cave Spring v. Gold Kist, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that assignor must intend to make the assignment
• “An assignment is a contract and, in order to be valid, must possess the same requisites ... as any other contract.”
• “An assignment, unlike a lien, is not merely a charge upon the subject property but is an absolute, unconditional, and completed transfer of all right, title, and interest in the property that is the subject of the assignment_”
• Assignment of a right is defined in the Restatement of Contracts 2d as a “manifestation of the assignor’s intention to transfer it by virtue of which the assignor’s right to performance is extinguished in whole or in part and the assignee acquires a right to such performance.”
• Assignment of a right is defined in the Restatement of Contracts 2d as a \manifestation of the assignor's intention to transfer it by virtue of which the assignor's right to performance is extinguished in whole or in part and the assignee acquires a right to such performance.\
• insider includes a relative of the debtor

Source: CourtListener parenthetical corpus (CC0).