California CodesCivil Code - CIVDivision 3 — ObligationsPart 1 — Obligations in GeneralTitle 3 — Transfer of ObligationsSection 1459
A non-negotiable written contract for the payment of money or personal property may be transferred by indorsement, in like manner with negotiable instruments. Such indorsement shall transfer all the rights of the assignor under the instrument to the assignee, subject to all equities and defenses existing in favor of the maker at the time of the indorsement.
Notes
Allows a non-negotiable written contract for payment of money or personal property to be transferred by endorsement in the same manner as negotiable instruments. The endorsement transfers all assignor rights to the assignee, subject to every equity and defense favoring the maker that existed when the endorsement occurred.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1459 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-1/title-3/section-1459