76. Necessity for assignment to be absolute and not to purport to be by way of charge.

(ii)ÌýÌýÌýÌý Assignments within the Act

In order that an assignment may be within the Law of Property Act 1925 it must be absolute, and must not purport to be by way of charge only1.

An assignment which is conditional and not absolute, as, for example, an assignment expressed to be until money