No
               Negotiation
                            Assignment


1.

Negotiation is effected under Negotiable Act 1881.

Assignment is effected under Transfer of Property Act 1882.


2.

It can be effected by simple by the transferor. Delivery or endorsement.

Assignment requires written document duly signed.


3.

Consideration is presumed

Consideration must be proved


4.

The title of the transferee (i.e. the holder in due course) is better than that of the transferor 

The title of the assignee is subject to the defects and equities in the title of the assignor.



5.

Notice of transfer to the debtor by the transferee is not necessary. The acceptor of a bill and the maker of a note are liable on maturity to the holder in due course of the instrument.  


An assignment does not bind the debtor unless notice of the assignment had been given by the assignee to the debtor, and the debtor has expressly or impliedly assented to it.

6.

Instruments payable to bearer are negotiated by mere delivery and instruments payable to order are negotiated by endorsement and delivery.


An assignment can only be made in writing – either on the instrument itself or in a separate document transferring to the assignee the transferor's rights in the instrument.



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