What does section 130(1) of the Transfer of Property Act, 1882 require to transfer an actionable claim…
The transfer takes effect on execution of the signed written instrument, whether or not notice is given. Notice may affect the protection of dealings by the debtor under the…
Choose your answer
What does section 130(1) of the Transfer of Property Act, 1882 require to transfer an actionable claim governed by that provision?
Answer and explanation
Correct answer B
The transfer takes effect on execution of the signed written instrument, whether or not notice is given. Notice may affect the protection of dealings by the debtor under the proviso.
Option feedback
Option A
Registration does not dispense with the required signed written instrument.
Option B
Section 130(1) requires execution of a written instrument signed by the transferor or a duly authorised agent.
Option C
Witness signatures alone do not meet the execution requirement.
Option D
An oral notice is not execution of a signed written instrument.
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