Under which Section of the Transfer of Property Act is 'Fraudulent Transfer' defined ?
Section 53 of the Transfer of Property Act, headed "Fraudulent transfer", makes every transfer of immovable property made "with intent to defeat or delay the creditors of…
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Under which Section of the Transfer of Property Act is 'Fraudulent Transfer' defined ?
Answer and explanation
Correct answer C
Section 53 of the Transfer of Property Act, headed "Fraudulent transfer", makes every transfer of immovable property made "with intent to defeat or delay the creditors of the transferor" voidable at the option of any creditor so defeated or delayed.
Section 21 deals with contingent interests, section 35 with election, and section 41 with transfer by an ostensible owner.
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