{"id":569,"date":"2024-03-05T15:01:20","date_gmt":"2024-03-05T15:01:20","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=569"},"modified":"2024-03-05T15:01:20","modified_gmt":"2024-03-05T15:01:20","slug":"which-one-of-the-following-sections-of-the-t-p-act-provides-that-when-there-is-a-conflict-between-marshalling-and-contribution-marshalling-shall-prevail","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-sections-of-the-t-p-act-provides-that-when-there-is-a-conflict-between-marshalling-and-contribution-marshalling-shall-prevail\/","title":{"rendered":"Which one of the following sections of the T.P. Act provides that when there is a conflict between marshalling and contribution, marshalling shall prevail ?"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a98328ecdcc5\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Section 80                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Section 81                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    Section 82                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Section 83                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is (c).<\/p>\n<p>Section 82 of the T.P. Act provides that when there is a conflict between marshalling and contribution, marshalling shall prevail. This means that if a creditor has a right to both marshalling and contribution, they must first exercise their right to marshalling before they can exercise their right to contribution.<\/p>\n<p>Marshalling is the process of applying the proceeds of a sale of property to the debts secured by that property in the order of priority in which those debts are ranked. Contribution is the process of one creditor seeking to recover from another creditor a share of the amount that the first creditor has paid to a common debtor.<\/p>\n<p>The reason why marshalling is given priority over contribution is that it is fairer to the debtor. If a creditor is allowed to first seek contribution from another creditor, the debtor may end up having to pay twice for the same debt. This is because the first creditor will have already been paid by the debtor, and the second <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> creditor will then be able to recover their share of the debt from the debtor.<\/p>\n<p>However, there are some exceptions to the rule that marshalling takes priority over contribution. For example, if a creditor has a security interest in property that is not subject to marshalling, they will be able to seek contribution from another creditor even if the debtor has already paid the first creditor.<\/p>\n<p>In conclusion, Section 82 of the T.P. Act provides that when there is a conflict between marshalling and contribution, marshalling shall prevail. This means that if a creditor has a right to both marshalling and contribution, they must first exercise their right to marshalling before they can exercise their right to contribution. The reason why marshalling is given priority over contribution is that it is fairer to the debtor. However, there are some exceptions to this rule.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/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":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which one of the following sections of the T.P. Act provides that when there is a conflict between marshalling and contribution, marshalling shall prevail ?<\/title>\n<meta name=\"description\" content=\"Section 82 of the T.P. Act provides that when there is a conflict between marshalling and contribution, marshalling shall prevail. 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