what is actionable claim

it is defined in section 3 of the transfer of property act .It is a claim or debt for which he can take action where you can approach the court. It is not secured by the mortgage of immovable property, pledge of immovable property.

Section 130 provides modes of the actionable claim

it should be in writing

Signed by the transferor or his agent

Transfer can be made with or without consideration

The transfer should be effective and completed when executed

Provided that the notice of transfer to the debtor is not necessary.Payment to the debtor is not necessary .A payment made by the debtor to the principal debtor.

 

 

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