All India Bar Examination (AIBE) 9-IX Previous Year Question Papers with Answers

Practice Mode:
98.

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 transferee is applicable first, in payment of cost of such recovery. This is the provision of

A: mortgaged debt
B: gift
C: actionable claim
D: lease

The answer is: A