Sales of goods act

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Aditi Aggarwal

Aditi Aggarwal (Querist)
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07 May 2014 what are actionable claims?

Sandeep Dharar

Sandeep Dharar (Expert)
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07 May 2014 It means a claim to any debt other than a debt secured under a mortgage or hypothecation or pledge on any immovable or moveable property, possession of which is given to person or institution which gave the loan.

An Actionable Claim is a plain unsecured debt which can be claimed by a person against another person and which can be enforced in civil courts according to law.

Right to benefit of a contract falls within the definition of Actionable Claim.

An Actionable Claim is transferable and inheritable and it is deemed to be a property in the hands of the person who has the claim.

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