Over a hundred years have passed since the Judicature Acts rationalised the law relating to the assignment of choses in action and made it easier for an assignee to enforce his rights. Nowadays the assignability of contractual rights is important in both business and consumer affairs, since credit is commonly obtained on the security of insurance policies, hire-purchase contracts, and traders' and builders' book debts. Yet although the Judicature Acts facilitated these developments they did not deal with the possibility that a contract may expressly prohibit or restrict the assignment of rights arising under it. Many standard form contracts now incorporate a clause to this effect. Where an assignment is made in contravention of such a clause, does the transaction have no effect? If this is the case, non-assignment clauses would seem to pose a serious threat to current lending practices. The courts have had to consider this question in a number of cases and the result is a confusing array of Conflicting views.