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Under section 3 of the Transfer of Property Act, 1882, which claim is excluded from the definition of…

Section 3 includes claims to unsecured debts and recognized beneficial interests in movable property outside the claimant’s actual or constructive possession, including…

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Under section 3 of the Transfer of Property Act, 1882, which claim is excluded from the definition of actionable claim?

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Correct answer D

Section 3 includes claims to unsecured debts and recognized beneficial interests in movable property outside the claimant’s actual or constructive possession, including conditional or contingent interests. It expressly excludes debts secured by mortgage of immovable property, hypothecation or pledge of movable property.

Option feedback

Option A

An enforceable unsecured debt is included.

Option B

The definition includes conditional or contingent debts recognized by civil courts.

Option C

The definition includes such a beneficial interest when civil courts recognize grounds for relief.

Option D

A debt secured by a mortgage of immovable property is expressly excluded.

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