Commercial Factors Ltd v Maxwell Printing Ltd - [1994] 1 NZLR 724

Commercial law — Financing arrangement — Factoring agreement — Chose in action — Whether factoring agreement gives rise to legal or equitable assignment of the debt — Whether there was an equitable or contractual set-off arising out of a cheque swapping arrangement — Property Law Act 1952, s 130.

Practice and procedure — Parties — Joinder — Whether equitable assignee should join assignor when bringing proceedings.

Equity — Assignment — Factoring agreement — Whether factoring agreement gives rise to equitable assignment of debt — Property Law Act 1952, s 130.

Equity — Set-off — Whether equitable set - off arising out of cheque swapping arrangement.

Contract — Defences — Set-off — Whether contractual set-off arising out of cheques swapping arrangement.

Contract — Formation — Factoring agreement — Requirements necessary to establish contractual assignment of a debt.