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[Cites 0, Cited by 1] [Section 55] [Entire Act]

State of Jammu-Kashmir - Subsection

Section 55(2) in Transfer of Property Act, 1977

(2)The seller shall be deemed to contract with the buyer that the interest which the seller professes to transfer to the buyer subsists and that he has power to transfer the same :Provided that, where the sale is made by a person in a fiduciary character, he shall be deemed to contract with the buyer that the seller has done no act where by the property is encumbered or whereby he is hindered from transferring it.The benefit of contract mentioned in this rule shall be annexed to, and shall go with, the interest of the transferee as such, and may be enforced by every person in whom that interest is for the whole or any part thereof from time to time vested.