Question

Every transfer of immovable property made with intent to defeat or delay the creditors of the transferor shall be voidable:

• A. At the option of creditor so defeated or delayed
• B. At the option of debtor
• C. At the option of court
• D. None of the above

Hint:

Fraudulent transfers to defeat creditors are voidable at the option of the creditor.

Answer 1

The Correct Option is A

Step 1: Section 53 TPA.
The Transfer of Property Act, Section 53, deals with fraudulent transfers made with intent to defeat or delay creditors.
Step 2: Right of creditors.
Such transfers are voidable at the option of the creditor whose rights are defeated or delayed, not at the option of the debtor.
Step 3: Conclusion.
Therefore, option (a) is correct.