Describe the techniques of novation and assignment and distinguish them from each other. What are the risks associated with each technique?

2) What are the legal implications of the court findings that neither novation nor assignment were effectively carried out. What would be the legal implications of the court finding that both novation nor assignment were effectively carried out.

3) Are novation and assignment effective methods of loan sales? Give reasons for your answer.

4) Discuss whether using a SPV would have been more or less efficient. In other words, would securitization be more effectively carried out by including or excluding a SPV.