LawgistThe Factoring Regulation Act
18Breach of contract
If the assignor commits any breach of the original contract with the debtor, such breach shall not entitle the debtor to recover from the assignee any sum paid by the debtor to the assignor or the assignee pursuant to the factoring transactions:
Provided that nothing contained in this section shall affect the rights of the debtor to claim from the assignor any loss or damages caused to him by reason of breach of the original contract.
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RIGHTS AND OBLIGATIONS OF PARTIES TO CONTRACT FOR ASSIGMENT OF RECEIVABLES
- 11 Rights and obligations of parties to contract for assignment of receivables
- 12 Liability of debtor
- 13 Assignor to be trustee of assignee
- 14 Liability of debtor in case of an assignor being mircro or small enterprises
- 15 Principle of debtor protection
- 16 Defences and right of set off of debtor
- 17 Modification of original contract
- 18 Breach of contract
