Section 130 of TPA : Section 130: Transfer Of Actionable Claim
TPA
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Explanation using Example
Imagine that Priya has a business and she has supplied goods to Rohan on credit, creating an actionable claim for the amount owed. Priya then decides to transfer this claim to her friend, Amit, because she needs immediate cash and Amit is willing to buy the debt at a discounted rate. According to Section 130 of the Transfer of Property Act, 1882, Priya can transfer this actionable claim to Amit by executing a w...
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