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Law of Property Act 1925: Primary legislation governing the transfer of legal rights and obligations in property law, essential for understanding how rights can be legally transferred in an assumption agreement

Contracts (Rights of Third Parties) Act 1999: Legislation that governs how third parties may enforce terms of a contract, relevant for understanding the rights of all parties in an assumption agreement

Bills of Exchange Act 1882: Contains fundamental principles relating to negotiable instruments including promissory notes, providing key legal framework for the underlying promissory note

Novation Principles: Common law principles governing the transfer of obligations from one party to another, fundamental to the assumption agreement structure

Contract Law Fundamentals: Essential common law principles including consideration, offer and acceptance, capacity to contract, and intention to create legal relations

Financial Services and Markets Act 2000: Regulatory framework for financial services and markets, relevant if the note involves regulated financial activities

Consumer Credit Act 1974: Legislation protecting consumer rights in credit agreements, applicable if the original promissory note involves consumer credit

Limitation Act 1980: Sets statutory time limits for bringing legal actions and enforcing rights, relevant for enforcement of the assumption agreement

Statute of Frauds 1677: Historic legislation requiring certain contracts to be evidenced in writing, relevant for formal requirements of the agreement