Source: https://law.justia.com/codes/tennessee/2018/title-47/chapter-2/part-2/section-47-2-210/
Timestamp: 2020-05-31 08:15:30
Document Index: 518632751

Matched Legal Cases: ['§ 47', 'art 2', '§ 47', '§ 47', '§ 47', '§ 47', '§ 47']

Tennessee Code § 47-2-210 (2018) - Delegation of performance -- Assignment of rights. :: 2018 Tennessee Code :: US Codes and Statutes :: US Law :: Justia
Justia › US Law › US Codes and Statutes › Tennessee Code › 2018 Tennessee Code › Title 47 - Commercial Instruments and Transactions › Chapter 2 - Sales › Part 2 - Form, Formation and Readjustment of Contract › § 47-2-210. Delegation of performance -- Assignment of rights.
§ 47-2-210. Delegation of performance -- Assignment of rights.
Universal Citation: TN Code § 47-2-210 (2018)
(2) Except as otherwise provided in § 47-9-406, unless otherwise agreed, all rights of either seller or buyer can be assigned except where the assignment would materially change the duty of the other party, or increase materially the burden or risk imposed on him by his contract, or impair materially his chance of obtaining return performance. A right to damages for breach of the whole contract or a right arising out of the assignor's due performance of his entire obligation can be assigned despite agreement otherwise.
(3) The creation, attachment, perfection, or enforcement of a security interest in the seller's interest under a contract is not a transfer that materially changes the duty of or increases materially the burden or risk imposed on the buyer or impairs materially the buyer's chance of obtaining return performance within the purview of subsection (2) unless, and then only to the extent that, enforcement actually results in a delegation of material performance of the seller. Even in that event, the creation, attachment, perfection, and enforcement of the security interest remain effective, but (i) the seller is liable to the buyer for damages caused by the delegation to the extent that the damages could not reasonably be prevented by the buyer; and (ii) a court having jurisdiction may grant other appropriate relief, including cancellation of the contract for sale or an injunction against enforcement of the security interest or consummation of the enforcement.
(6) The other party may treat any assignment which delegates performance as creating reasonable grounds for insecurity and may without prejudice to his rights against the assignor demand assurances from the assignee (§ 47-2-609).