Arizona Statutes

§ 44-144 — Effect of assignment of chose in action upon defenses existing at time of assignment; exceptions

Arizona·Title 44 Arizona Revised Statutes·Ch. 1 CONTRACTS·Art. 4 Liability of Parties
An assignment of a chose in action shall not prejudice any set-off or other defense existing at the time of the notice of the assignment. This section shall not apply to a negotiable promissory note or bill of exchange, transferred in good faith and upon good consideration before due except as provided in section 44-145.

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