(transferor) to that of the
cessionary (transferee) by means of an agreement between the two; it is the substitution by contract, known as
Kaynak: South African contract lawmay agree in the obligatory agreement to cede and transfer to the
cessionary a future or contingent right of action (spes futurae actionis
Kaynak: FNB v Lynnassignment , and therefore, is an act by which a personal claim is transferred from the assignor (the cedent) to the assignee (the
cessionary).
Kaynak: CessionThe court determined that the purpose of the cession was to provide the bank, as
cessionary, with continuing security for allowing Bryant,
Kaynak: Coopers & Lybrand v Bryant