The Queensland Court of Appeal dismissed the appeal, holding that the deed of assignment and notice of assignment of a franchise agreement did not effect an assignment of interests in debts owed by the appellants, did not estop the respondents from claiming monies owed, and did not give rise to an indemnity in favour of the appellants. The Court also held that the monies claimed constituted debts owing under the franchise agreement rather than book debts assigned under the deed, and that the deed did not assign an interest in a guarantee.
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