https://www.taxtmi.com/caselaws?id=275755 A bond executed by a company's general manager was treated as valid where the transaction was within the company's object, later ratified by resolutions, and supported by payment, establishing due execution and consideration. The plea that the bonds were void for fraud or misrepresentation failed because the record showed no convincing evidence of concealment or fraudulent inducement. The assignment of the bonds was also upheld: the deeds were proved, and under Section 130 of the Transfer of Property Act an actionable claim passes by written transfer so the assignee may sue in its own name. The debtor could not defeat the transfer by disputing consideration between assignor and assignee. en-us Fri, 23 Mar 1973 00:00:00 +0530 Mon, 15 Oct 2018 17:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275755 A bond executed by a company's general manager was treated as valid where the transaction was within the company's object, later ratified by resolutions, and supported by payment, establishing due execution and consideration. The plea that the bonds were void for fraud or misrepresentation failed because the record showed no convincing evidence of concealment or fraudulent inducement. The assignment of the bonds was also upheld: the deeds were proved, and under Section 130 of the Transfer of Property Act an actionable claim passes by written transfer so the assignee may sue in its own name. The debtor could not defeat the transfer by disputing consideration between assignor and assignee. Case-Laws Indian Laws Fri, 23 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275755