Invoice Discounting

I've been preparing a talk for tomorrow.  Here's the highlight.  Apart from the jokes, that is.


Business Computers Limited v. Anglo-African Leasing Limited  [1977] 1 WLR 578


Templeman J:


The result of the relevant authorities is that a debt which accrues due before notice of an assignment is received, whether or not it is payable before that date, or a debt which arises out of the same contract as that which gives rise to the assigned debt, or is closely connected with that contract, may be set off against the assignee. But a debt which is neither accrued nor connected may not be set off even though it arises from a contract made before the assignment.