[amp_mcq option1=”Voidable at the option of such creditors” option2=”Not void” option3=”Void” option4=”None of the above” correct=”option1″]<\/p>\n
The correct answer is (a). Every transfer of immovable property made with intent to defeat or delay the creditors of the transferor shall be voidable at the option of such creditors.<\/p>\n
This is because Section 53 of the Indian Contract Act, 1872 states that “Every transfer of immovable property made with intent to defeat or delay the creditors of the transferor shall be voidable at the option of such creditors.”<\/p>\n
This means that if a creditor can prove that a transfer of immovable property was made with the intent to defeat or delay them, they can have the transfer declared void. This can be done by filing a suit in court.<\/p>\n
If the transfer is declared void, the property will be returned to the transferor’s estate and the creditors will be able to recover their debts from the property.<\/p>\n
Option (b) is incorrect because it states that the transfer is not void. This is not correct because Section 53 of the Indian Contract Act, 1872 states that the transfer is voidable.<\/p>\n
Option (c) is incorrect because it states that the transfer is void. This is not correct because Section 53 of the Indian Contract Act, 1872 states that the transfer is voidable.<\/p>\n
Option (d) is incorrect because it states that none of the above is correct. This is not correct because the correct answer is (a).<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Voidable at the option of such creditors” option2=”Not void” option3=”Void” option4=”None of the above” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-2122","post","type-post","status-publish","format-standard","hentry","category-law","no-featured-image-padding"],"yoast_head":"\n