Goldfarb v. C. & K. Purchasing Corp.

The rule is well settled that the rights of an assignee are superior to those of a creditor of the assignor who attaches after the assignment of an indebtedness originally due the assignor. The only effect of the failure to notify the debtor of the assignment is to protect him as to any payments which he might *91make to the assignor or to an attaching creditor of the assignor in good faith and in ignorance of the assignment. (Greentree v. Rosenstock, 61 N. Y. 583, 593; Williams v. Ingersoll, 89 id. 508, 523; 2 Williston on Contracts [Rev. ed.], § 434; Restatement of the Law of Contracts, § 172,…