Section 133 of the Transfer of Property Act, 1882 – Warranty of solvency of debtor

Home › The Transfer of Property Act, 1882 › Chapter VIII – Of transfers of actionable claims

Section 133: Warranty of solvency of debtor

Where the transferor of a debt warrants the solvency of the debtor, the warranty, in the absence of a contract to the contrary, applies only to his solvency at the time of the transfer, and is limited, where the transfer is made for consideration, to the amount or value of such consideration.

Source: official text of The Transfer of Property Act, 1882 as published on India Code (PDF). All sections of the Transfer of Property Act, 1882.

Related posts:

  1. The Transfer of Property Act, 1882 – All Sections
  2. The Indian Trust Act, 1882 – All Sections
  3. Comparison of Section of New Income Tax Bill Vs Old Income Tax Act
  4. INCOME-TAX ACT 1961