If transfer made from insolvency, forfeiture or sale in execution of a decree, what is it called as?
These are transfers by operation of law: rights change through insolvency, forfeiture or an execution sale rather than an ordinary voluntary conveyance. Section 2…
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If transfer made from insolvency, forfeiture or sale in execution of a decree, what is it called as?
Answer and explanation
Correct answer B
These are transfers by operation of law: rights change through insolvency, forfeiture or an execution sale rather than an ordinary voluntary conveyance. Section 2 distinguishes such legal transfers from transfers by acts of parties. Attachment by itself restricts dealings with property; it does not describe the completed transfer in the question.
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