Section 133 - Warranty of solvency of debtor : Transfer of Property Act, 1882

What is Warranty of solvency of debtor? Section 133 of Transfer of Property Act, 1882

 

 

Section 133 of Transfer of Property Act 1882 : "Warranty of solvency of debtor"

133. 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.