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What does Section 130(1) of the Transfer of Property Act, 1882 require for a transfer of an actionable…

A transfer governed by Section 130(1) takes effect on execution of a written instrument signed by the transferor or duly authorized agent, with or without consideration.…

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What does Section 130(1) of the Transfer of Property Act, 1882 require for a transfer of an actionable claim governed by that section?

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Correct answer D

A transfer governed by Section 130(1) takes effect on execution of a written instrument signed by the transferor or duly authorized agent, with or without consideration. Notice to the debtor is distinct from execution. The exception to Section 130 preserves special rules on the insurance policies it identifies.

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Option A

Section 130 regulates and permits transfer of actionable claims within its scope.

Option B

Execution of a signed written instrument is required by Section 130(1).

Option C

Section 130(1) permits transfers with or without consideration.

Option D

The transferor or duly authorized agent must sign the instrument. Consideration is optional under Section 130(1).

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