Transfer of actionable claim has exaction under section of 130 T.P. Act:
Verified Answer
A. It does not apply to transfer of life insurance policy
B. It does not apply to the transfer of marine or fire policy
C. It does not apply to vehicle insurance policy
D. None of the above policy applies
Explanation:
Section 130(2) of the Transfer of Property Act, 1882, states that nothing in this section applies to the transfer of a policy of marine or fire insurance or any policy of life insurance. Therefore, options (A) and (B) are exceptions where Section 130 does not apply. Vehicle insurance policy is not explicitly mentioned as an exception. The marked answer (D) 'None of the above policy applies' implies that Section 130 does not apply to any of the policies listed in A, B, C, which is incorrect for C.