Where the transferor of a debt warrants the solvency of the debtor, the warranty, in the absence of a contract to the contrary, applies only to his solvency at the time of the transfer, and is limited, where the transfer is made for consideration, to the amount or value of such consideration.
CHAPTER VIII OF TRANSFERS OF ACTIONABLE CLAIMS
Section 133: Warranty of solvency of debtor
The Transfer of Property Act, 1882
Questions on this section
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1. Under Section 133 of the Transfer of Property Act, 1882, where the transferor of a debt for consideration warrants the solvency of the debtor, the warranty, in the absence of a contract to the contrary, is limited to: