Where property is transferred in pursuance of a contract which is liable to rescission or induced by fraud or mistake, the transferee must, on receiving notice to that effect, hold the property for the benefit of the transferor, subject to repayment by the latter of the consideration actually paid.
Section 86: Transfer pursuant to rescindable contract.
The Indian Trusts Act, 1882Central Act · Act 2 of 1882
Where this provision sits
| Act | The Indian Trusts Act, 1882 |
|---|---|
| Section | 86 |
| Marginal note | Transfer pursuant to rescindable contract. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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