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Supreme Court of India
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Civil Law
Bare Acts
The Transfer of Property Act, 1872
Section 97-137
Section 100
Section 105
Section 107
Section 118
Section 121
Section 122
Section 127
Section 128
Section 134
Section 132- Liability of transferee of actionable claim

The transferee of an actionable claim shall take it subject to all the liabilities and equities and to which the transferor was subject in respect thereof at the date of the transfer

Illustrations

(i) A transfers to C a debt due to him by B, A being then indebted to B. C sues B for the debt due by B to A. In such suit B is entitled to set off the debt due by A to him; although C was unaware of it at the date of such transfer.

(ii) A executed a bond in favour of B under circumstances entitling the former to have it delivered up and cancelled. B assigns the bond to C for value and without notice of such circumstances. C cannot enforce the bond against A.

     
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