TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

CESSION COMMON LAW [2 records]

Record 1 2016-01-20

English

Subject field(s)
  • PAJLO
  • Law of Contracts (common law)
CONT

... assignment at law is possible under the three exceptions to the common law rule, namely (1), in the case of certain particular choses in action, by an assignment in accordance with the provisions of special statutory enactments, the most important being stock and shares in incorporated companies, or (2), in the case of certain negotiable instruments, by delivery of the document under the law merchant, or (3), in the case of a transfer by or to the Crown, under the special privileges the law allows in such a case. (6 Hals., 4th, p. 11)

French

Domaine(s)
  • PAJLO
  • Droit des contrats (common law)
OBS

cession en common law : terme normalisé par le Comité de normalisation, Promotion de l'accès à la justice dans les deux langues officielles(PAJLO).

Spanish

Save record 1

Record 2 2001-09-20

English

Subject field(s)
  • Bankruptcy
DEF

The action by which an individual or company (assignor) transfers legal title to property to a trustee (assignee), who is empowered to administer and liquidate the property and to distribute the proceeds to the creditors.

OBS

assignment for the benefit of creditors: term and text reproduced from The Encyclopedia of Banking and Finance, Tenth Edition (1993), by Glenn G. Munn, F.L. Garcia and Charles J. Woelfel, with the permission of the copyright holder, The McGraw-Hill Companies Inc. In no event shall McGraw-Hill have any liability to any party for special, incidental, tort, or consequential damages arising out of or in connection with the use of this material.

French

Domaine(s)
  • Faillites
OBS

En droit civil, la notion juridique qui se rapproche le plus de celle de la common law est la «cession de biens»; le résultat en est le même, mais la façon de procéder diffère. Dans la cession de biens, le débiteur traite directement avec ses créanciers alors que en common law, le débiteur fait intervenir un mandataire entre lui et ses créanciers.

Key term(s)
  • cession de biens

Spanish

Save record 2

Copyright notice for the TERMIUM Plus® data bank

© Public Services and Procurement Canada, 2025
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

Features

Language Portal of Canada

Access a collection of Canadian resources on all aspects of English and French, including quizzes.

Writing tools

The Language Portal’s writing tools have a new look! Easy to consult, they give you access to a wealth of information that will help you write better in English and French.

Glossaries and vocabularies

Access Translation Bureau glossaries and vocabularies.

Date Modified: