Delaware Code Title 6 Sec. 4320 – Payment to last known holder as discharge of buyer in absence of …
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Unless the buyer has notice of actual or intended assignment of a contract or installment account, payment thereunder made by the buyer to the last known holder of such contract or installment account, shall to the extent of the payment, discharge the buyer’s obligation.
6 Del. C. 1953, § ?4320; 52 Del. Laws, c. 342.;
Terms Used In Delaware Code Title 6 Sec. 4320
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.