Which of the following is NOT an actionable claim?
Verified Answer
A. Lottery tickets
B. Beneficial interest in movable property which is in possession of claimant
C. Life insurance policy
D. Claim for arrears of rent
Explanation:
Section 3 of the Transfer of Property Act defines 'actionable claim' as a claim to any beneficial interest in movable property *not in the possession*, either actual or constructive, of the claimant. Therefore, a beneficial interest in movable property *in possession* of the claimant is NOT an actionable claim.