Multiple choice

The Transfer of Property Act contains provisions relating to transfer of

  1. actionable claims

  2. movable assets

  3. goods

  4. None of the above
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A Correct answer
Explanation

The Transfer of Property Act contains provisions relating to transfer of 'actionable claims'. The transfer of an actionable claim, whether with or without consideration, shall be effected only by the execution of an instrument in writing and signed by the transferor or his duly authorised agent, shall be complete and effectual upon the execution of such instruments and thereupon, all the rights and remedies of the transferor, whether by way of damages or otherwise, shall vest in the transferee, whether such notice of the transfer as is hereinafter provided be given or not.

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