TRANSFER OF PROPERTY PROJECT SYNOPSIS
THE DOCTRINE OF SUBROGATION IN THE TRANSFER OF PROPERTY ACT
INTRODUCTION -
“Subrogation” i a ro!an "or# "$i%$ !&an 'ubtitution() It i t$& rig$t o* a +&ron to tan# in t$& +,a%& o* t$& %r&#itor a*t&r +aing o** $i ,iabi,iti&) T$& #o%trin& o* ubrogation i ba&# on t$& +rin%i+,& o* &.uit/ 0uti%& an# goo# %on%i&n%&) T$& &&n%& o* t$& #o%trin& i t$at t$& +art "$o +a o** a !ortgag& g&t %,ot$&# "it$ a,, t$& rig$t o* t$& !ortgag&) T$& Do%trin& o* ubrogation in t$& Tran*&r o* Pro+&rt A%t/ 1223/ $a b&&n ,ai# #o"n un#&r &%tion 43/ in&rt&# a*t&r an a!&n#!&nt in t$& &ar 1434) Subrogation5 An o* t$& +&ron r&*&rr&# to in &%tion 41 6ot$&r t$an t$& !ortgagor7 an# an %o-!ortgagor $a,,/ on r&#&&!ing +ro+&rt ub0&%t to t$& !ortgag&/ $a8&/ o *ar a r&gar# r&#&!+tion/ *or&%,our& or a,& o* u%$ +ro+&rt/ t$& a!& rig$t a t$& !ortgag&& "$o& !ortgag& $& r&#&&! !a $a8& againt t$& !ortgagor or an ot$&r !ortgag&&) T$&r& ar& 3 t+& o* ubrogationA7 9&ga, Subrogation- 9&ga, Subrogation ta:& +,a%& b o+&ration o* ,a" an# i ba&# on t$& +rin%i+,& o* r&-i!bur&!&nt) B7 Con8&n Con8&ntio tiona, na, Subrog Subrogati ationon- T$& %on8&n %on8&ntio tiona, na, ubrog ubrogatio ation n ta:& ta:& +,a%& +,a%& "$&r& "$&r& t$& +&ron +aing o** t$& !ortgag&-#&bt i a trang&r an# $a int&r&t to +rot&%t/ but $& a#8an%& t$& !on& un#&r an agr&&!&nt t$at $& "ou,# b& ubrogat&# to t$& rig$t an# !ortgag&& "$o i +ai# o**) T$& #i**&r&n%& b&t"&&n ubrogation un#&r S&%tion 43 o* t$& Tran*&r o* Pro+&rt A%t/ 1223/ an# S&%tion 1;
rig$t an#/ t$&r&*or&/ t$& origina, !ortgag&& $a no !or& rig$t un#&r t$& !ortgag&/ "$&r&a a ubrog&& un#&r S&%tion 1;
AIMS AND OBJECTIVES- T$& ai! o* t$i r&&ar%$ i to un#&rtan# t$& %on%&+t o*
'ubrogation( un#&r t$& Tran*&r o* +ro+&rt A%t/ 1223 an# ot$&r +ro+&rt ,a"/ t$& $itor o* t$& #o%trin& o* ubrogation an# it #&8&,o+!&nt/ a,o to %riti%a,, ana,?& t$& rig$t an# ,iabi,iti& o* !ortgagor an# !ortgag&& un#&r t$i #o%trin&) T$& r&&ar%$&r "i,, a,o r&8i&" t$& r&%&nt %a& ,a" r&,at&# to t$i #o%trin&) RESERARCH QUESTIONS-
17 @$at ar& t$& 8ariou t+& o* ubrogation 37 @$at ar& t$& rig$t an# ,iabi,iti& o* t$& !ortgagor an# !ortgag&& un#&r t$i ;7 7 <7 7
#o%trin& @$at ar& t$& rig$t an# ,iabi,iti& o* %o-!ortgag&r an# ur&t @$&t$&r t$i #o%trin& i a++,i%ab,& to bot$ !o8ab,& an# i!!o8ab,& +ro+&rt @$at ar& t$& r&%&nt #&8&,o+!&nt un#&r t$i #o%trin& @$o a,, %an u& an# !a b& u&# *or r&#&!+tion
RESEARCH METHODOLOGY T$& !&t$o#o,og in8o,8&# i #o%trina, a++roa%$) T$&
#ata %o,,&%t&# i bot$ +ri!ar an# &%on#ar) SOURCES-
17 37 ;7 7
S)N S$u:,a/ Tran*&r o* Pro+&rt A%t 6 34t$ &#n/ A9A 31<7 Sir Din$a" u,,a/ Tran*&r o* +ro+&rt A%t 6 13t$ &#n/ 9&=i N&=i 31<7 &+a P) Sarat$i/ 9a" o* Tran*&r o* Pro+&rt6
BY- UTSA SAENA B)CO 99B BC1<1
