In an Assignment, the Assignee Takes Subject to Equities

question 27

Essay

In an assignment, the assignee takes subject to equities. Explain.

---

Definitions:

Kerala

a state in southwestern India known for its palm-lined beaches and backwaters, a network of canals, and its long history of spice trade.

Postmodern City

Urban areas characterized by a diversity of architectural styles, cultural pluralism, and a decentralized economic and social structure.

Privatization of Public Space

The process through which communal or publicly owned spaces are sold to private entities or managed in ways that prioritize private interests over public access.

Urban-Growth Machine

A theory suggesting urban development, and economic growth are driven by a coalition of interest groups who all benefit from continuous expansion.