A debtor cannot claim or take advantage of non-payment of consideration for assignment.

CS Professional · Drafting, Appearances and Pleadings · PYQS · June 2018
A debtor cannot claim or take advantage of non-payment of consideration for assignment.

Answer & Explanation:

An assignment is a form of transfer of property and it is commonly used to refer the transfer of an actionable claim or a debt or any beneficial interest in movable property. A debtor cannot claim or take advantage of non-payment of consideration for assignment. Section 130 of the Transfer of Property Act, 1882 specifically lays down that an assignment of an actionable claim may be with or without consideration. Passing of the property in the assigned property does not depend on the payment of consideration.

Topics: Transfer of Property

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