The correct answer is (a).
The doctrine of acceleration is a legal doctrine that states that if a debt is payable in installments, and the debtor defaults on one or more installments, the entire debt becomes due immediately. This doctrine is based on the idea that the creditor should not be forced to wait for the debtor to make all of the remaining installments before being able to collect the debt.
The doctrine of acceleration is codified in Section 25 of the Transfer of Property Act. Section 25 states that “where a debt is payable by instalments, and the debtor makes default in payment of any instalment, the creditor may, at his option, declare the whole debt to be immediately payable.”
The doctrine of acceleration can be applied to a variety of debts, including mortgages, loans, and credit card debt. If you are facing a debt that is payable in installments, and you are concerned about being able to make all of the payments, you should speak to an attorney to discuss your options.
The other options are incorrect because they do not state the correct section of the Transfer of Property Act that governs the doctrine of acceleration.