Question
Legal Studies Question on Intellectual Property Law
What is true about transfer of immoveable property:
A
Transfer made with intent to defeat or delay the creditors of the transferor is voidable at the option of creditor.
B
Transfer made with intent to defeat or delay the creditors of the transferor is voidable at the option of any creditor so defeated or delayed.
C
Fraudulent transfer impairs the rights of a transferee in good faith and for consideration.
D
All of the above the true.
Answer
Transfer made with intent to defeat or delay the creditors of the transferor is voidable at the option of any creditor so defeated or delayed.
Explanation
Solution
The correct option is (B): Transfer made with intent to defeat or delay the creditors of the transferor is voidable at the option of any creditor so defeated or delayed.