Debt and acquisition agreements are generally covered by the law of the state in which the debt was originally born. The debt recovery contract does not give rise to a period of limitation of the debt taken care of. The statute of limitations will run smoothly and continuously, because, at the time of the dilapidation, the time spent in favour of the debtor`s predecessors will be taken into account. The debtor is exempt from the obligation to enter into the debt contract if, at the time of the creditor`s agreement on the debt contract, the person who considers that the debt has been debited welcomes his complicity and the creditor was not aware of it or was not required to do so. The most important effect of the debt recovery contract is the substitution of the debtor. To make this change, the debt contract must meet all the requirements and be concluded between the debtor of the commitment and a person who assumes the debt and must be approved, i.e. the creditor must approve it. A debt transfer and acquisition agreement is a very simple document in which one party rejects its debts to another party and the other party agrees to accept that debt. The party rejecting the debt is the original debtor; they are called Assignor. The party who accepts the debts is the new debtor; they are designated as agents. This document is different from a debt repayment agreement, where the original debtor has repaid all debts and is now free and clear. The debts are still there, but they are due only to the creditor by another party. In the case of a mortgage on real estate, if the purchaser and the cedant provide that the purchaser assumes a debt owed to the mortgagee, the mortgagee, within three months of the date of acceptance of such an application, is considered to be an extended consent to the contract of acceptance of the liability, after not rejecting it at the request of the ceding agent.