What is the difference between the right to take benefits and the duty to bear burdens after the transfer of ownership?
"New York", United States of America
The following excerpt is from Broderick v. Aaron, 191 N.E. 19, 264 N.Y. 368 (N.Y. 1934):
The right to take benefits' is derived from ownership and ceases with transfer of such ownership. The question now arises whether the duty to bear burdens' continues thereafter. What was said and decided in Johnson v. Underhill, supra, does not answer that question. There the purchaser had not transferred the stock he had bought. It is
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