The Transfer of Property Act

Transfer of actionable claim

Repealed

Notice to be in writing, signed

Liability of transferee of actionable claim

Warranty of solvency of debtor

Mortgaged debt

Assignment of rights under policy of insurance against fire

[Repealed.]

Incapacity of officers connected with Courts of Justice

Saving of negotiable instruments, etc


OF TRANSFERS OF ACTIONABLE CLAIMS


Where a debt is transferred for the purpose of securing an existing or
future debt, the debt so transferred, if received by the transferor or recovered by the transf eree, is
applicable, first, in payment of the costs of such recovery; secondly, in or towards satisfaction of the
amount for the time being secured by the transfer; and the residue, if any, belongs to the transferor
or other person entitled to receive the same.

LAWGIST

# 134 Mortgaged debt