New Jersey § 12a:9-405
Full text of New Jersey New Jersey Statutes § 12a:9-405, with citation guidance and answers to common questions.
§ 12a:9-405.
(a) Effect of modification on assignee. A modification of or substitution for an assigned contract is effective against
an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of
contract by the assignor. This subsection is subject to subsections (b) through (d) . (b) Applicability of subsection (a). Subsection (a) applies to the extent that: (1) the right to payment or a part thereof under an assigned contract has not been
fully earned by performance; or (2) the right to payment or a part thereof has been fully earned by performance and
the account debtor has not received notification of the assignment under 12A:9-406 (a). (c) Rule for individual under other law. This section is subject to law other than this chapter which establishes a different
rule for an account debtor who is an individual and who incurred the obligation primarily
for personal, family, or household purposes. (d) Inapplicability to health-care-insurance receivable. This section does not apply to an assignment of a health-care-insurance receivable.
Frequently Asked Questions About New Jersey § 12a:9-405
What does New Jersey Statutes § 12a:9-405 cover?
Section 12a:9-405 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:9-405?
A common citation format is "New Jersey Statutes § 12a:9-405" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.