www.Aaptaxlaw.com
 
 
 

Section 132 - Liability of transferee of actionable claim : Transfer of Property Act, 1882

 

 

What is the Liability of transferee of actionable claim? Section 132 of Transfer of Property Act, 1882

Section 132 of Transfer of Property Act 1882 : "Liability of transferee of actionable claim"

132. The transferee of an actionable claim shall take it subject to all the liabilities and equities to which the transferor was subject in respect thereof at the date of the transfer.

Illustrations
(i) A transfers to C a debt due to him by B, A being them indebted to B. C sues B for the debt due by B to A. In such suit B is entitled to set off the debt due by A to him; although C was unaware of it at the date of such transfer.

(ii) A executed a bond in favour of B under circumstances entitling the former to have it delivered up and cancelled. B assigns the bond to C for value and without notice of such circumstances. C cannot enforce the bond against A.

 
 

TRANSFER OF PROPERTY ACT 1882

Section 126 - When gift may be suspended or revoked

Section 127 - Onerous gifts

Section 128 - Universal donee

Section 129 - Saving of donations mortis causa and Muhammadan law

CHAPTER VIII
TRANSFERS OF ACTIONABLE CLAIMS

Section 130 - Transfer of actionable claim

 

 

Section 130A - Transfer of policy of marine insurance (Repealed)

Section 131 - Notice to be in writing, signed

Section 132 - Liability of transferee of actionable claim

Section 133 - Warranty of solvency of debtor

Section 134 - Mortgaged debt

Section 135 - Assignment of rights under policy of insurance against fire

 

 

Section 135A - Assignment of rights under policy of marine insurance (Repealed)

Section 136 - Incapacity of officers connected with Courts of Justice

Section 137 - Saving of negotiable instruments, etc

 

 

Home     About Us     Privacy Policy     Disclaimer    Contact Us  Sitemap