Direct Representation

1
(Direct) Representation
Yellow defences can be invoked in the resulting
realtionship
2
Stipulation for 3rd party
3
Assignment
4
Appropriation by principal
5
Pers. subrogation (by surety)
6
Real subrogation (eg ROT)
7
Pledging a claim
8
Appropriation by 3rd party
9
Suretyship
10
accessory delegation
11
Payment instr accepted b/e
12
Transfer of money
13
Documentary credit
14
First demand guarantee