New Jersey § 2a:25-1

§ 2a:25-1.

All contracts for the sale and conveyance of real estate, all judgments and decrees

recovered in any of the courts of this State or of the United States or in any of

the courts of any other state of the United States and all choses in action arising

on contract shall be assignable, and the assignee may sue thereon in his own name. In such an action, the person sued shall be allowed, not only all set-offs, discounts

and defenses he has against the assignee, but also all set-offs, discounts and defenses

he had against the assignor before notice of such assignment was given to him. The assignment of a sealed instrument by writing not under seal shall be as valid

as if under seal. The assignee for a valuable consideration of any chose in action may, although the

assignor is dead, sue for and recover the same in his own name. The person sued in any such action shall be allowed not only all set-offs, discounts

and defenses he has against the assignee, but also all set-offs, discounts and defenses

he had against the assignor or his representatives before notice of such assignment

was given to him. Security interests in commercial tort claims may be created, attached, perfected and

enforced in accordance with Chapter 9 of Title 12A of the New Jersey Statutes (12A:9-101

et seq.).