A STUDY ON ACTIONABLE CLAIM

ABSTRACT
As outlined below section three of Transfer of Property Act, 1882, “actionable claim” may be
a claim on that action will be initiated in an exceedingly court of law for relief. It will be
understood during this manner additionally that it's a right of an individual to initiate action in
an exceedingly court of law to secure his claim over a property each movable and stabile. but
below an equivalent section sure classes of claims are excluded like claims that have already
been adjudicated and or ordained, claims secured by any charge like mortgage, pledge or
hypothecation of property.
Strictly speaking this claim relates to solely such debts or any helpful interest in movable
property that isn't in actual or possession of the applicant and or isn't secured by charge (pledge,
mortgage, hypothecation) of movable or stabile property. It will be transmissible and
transferred by sale, mortgage and gift, a bit like different property. Transfer of this claim either
by sale, mortgage or gift will be completed by merely execution of associate degree instrument
in writing to the present impact. Such instrument doesn't got to be registered.