Thursday 19 June 2014

6(k):Persons disqualified to be transferee


A transfer can not be made in favor of a person who is disqualified to be a transferee.

U/S 136 of Contract Act, a Judge, a Legal Practitioner or an Office of Court are disqualified from purchasing any actionable claim.

A minor is not disqualified to be transferee, although a minor’s contract is void.

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