Section 30: "Valuable security" | The Indian Penal Code, 1860

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Explanation using Example

Example 1:

Ravi sells his car to Suresh and provides him with a signed sale deed. This sale deed is a document that transfers the ownership of the car from Ravi to Suresh. In this case, the sale deed is a "valuable security" because it creates a legal right for Suresh to own the car.

Example 2:

Priya takes a loan from a bank and signs a promissory note agreeing to repay the loan amount with interest. This promissory note is a document that acknowledges Priya's legal liability to repay the loan. Therefore, the promissory note is considered a "valuable security" as it acknowledges Priya's legal obligation to the bank.

Example 3:

Anil and Sunita enter into a rental agreement where Anil ...

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Section 30 of IPC : Section 30: "Valuable security"

IPC

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Explanation using Example

Example 1:

Example 2:

Example 3:

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