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Every transfer of immovable property built with intent to defeat or hold off the creditors in the transferor shall be voidable at the choice of any creditor so defeated or delayed. This rule does not impair the rights of the transferee in great faith and for thought.

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Transfer of Property Act 1882 only specials with All those transfers that take place via the act of get-togethers.

Segment 122 of TPA defined the property for a transfer of certain existing movable or immovable property made voluntarily and without consideration, by a single individual, known as the donor, to a different, known as the donee, and accepted by or on behalf in the donee.

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That dominion or indefinite correct of use or disposition which one particular may well lawfully training in excess of unique things or topics. The exclusive proper of possessing, taking pleasure in and disposing of the thing. The very best suitable a man might have to something; being used to refer to that appropriate which just one has to why not check here lands or tenements, products or chattels, which no way depends on An additional gentleman's courtesy. In keeping with Transfer of Property Act 1882 "Property indicates (i) the issue by itself, or (II) some or many of the legal rights in a thing."

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The person who transfers a correct is called the "transferor" and the individual to whom transfer is designed is called the "transferee".