Selected Cases by Article & Issues
(1) The new obligor may assert against the obligee all defences which the original obligor could assert against the obligee.
(2) The new obligor may not exercise against the obligee any right of set-off available to the original obligor against the obligee.
|1||New obligor entitled to assert against obligee all defences original obligor has against obligee|
|2||New obligor not entitled to set-off against obligee|