Correct option is C
Under the Transfer of Property Act, 1882, the
transfer of debt is considered a transfer of actionable claims. This is the assignment of the right to recover the debt from one person to another. The transferor (creditor) assigns the right to receive payment from the debtor to the transferee.
Information Booster: The transfer of debt or actionable claims involves the transfer of intangible assets, such as the right to recover a debt or enforce a claim. The Act provides a legal mechanism for the assignment of such claims, ensuring that the transferee has the right to collect the debt from the debtor.
Additional Information:
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(a) Charge: Incorrect because a charge refers to creating a legal interest in the property as security for payment, but it does not involve an actual transfer of property rights.
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(b) Partition: Incorrect because partition divides property among co-owners but does not constitute a transfer under the Act.
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(d) Surrender: Incorrect as surrender refers to giving up a lease or tenancy rights, which is not considered a transfer under the Act.
