Multiple choice

The transferee of an actionable claim shall take it subject to all the liabilities and equities and to which the transferor was subject in respect thereof

  1. at the date of transfer

  2. before the date of transfer

  3. after 15 days from the date of transfer

  4. before 15 days from the date of transfer
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A Correct answer
Explanation

(1) Section 132 of the Transfer of Property Act states that the transferee of an actionable claim shall take it subject to all the liabilities and equities and to which the transferor was subject in respect thereof at the date of the transfer.

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