Court Opinion

ID: 9544799
Source: CourtListenerOpinion
Date Created: 2023-08-07 17:01:51.156441+00
Date Added: 2024-06-11T15:13:40.644551
License: Public Domain

HAYS, Justice,
concurring:
We should not dodge the issue of whether implied assumption is the law in Arizona but should meet that issue head-on. We should assert that the assignment of a con*183tract must be scrutinized to determine if the facts and circumstances warrant the implication that the duties and obligations of the assignor under the contract are imposed on the assignee along with the benefits.
Under circumstances where the assignee has a security interest in the property which is the prime subject matter of the assigned contract, which security interest is in default and actually assignee gets little more under the contract assignment than he would get under a foreclosure proceeding, it would not be appropriate to imply his assumption of the obligations and duties of the assignor. The recital in the subject assignment contract and the depositions and documents in the record support the conclusion that such is the situation here. I therefore concur in the result.