Question:
What is the default interest payable under Section 63A of the Transfer of Property Act, 1882?
What is the default interest payable under Section 63A of the Transfer of Property Act, 1882?
Updated On: Aug 29, 2025
- 6% per annum
- 8% per annum
- 9% per annum
- No default rate prescribed.
Show Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
Under Section 63A of the Transfer of Property Act, 1882, the default rate of interest payable is 9% per annum unless otherwise agreed upon by the parties involved.
Was this answer helpful?
1
0
Top AIBE Legal Studies Questions
- The concept of freedom of trade and commerce mentioned in the Indian Constitution is motivated from the experience of the following country?
- Which of the following writ is issued to enforce the performance of public duties by the authority?
- Which of the following Constitutional Amendment Act had made the provision for publishing Hindi Translation of the Constitution?
- Which of the following is the landmark judgment on the Colourable legislation?
- Which of the following Constitutional Amendment Act was passed in light of the advisory opinion received in Re Berubari case?
View More Questions
Top AIBE Contract Law Questions
- Which of the following is not a fraud as per the Indian Contract Act, 1872?
- Which of the following statement is correct if A, intending to deceive B, falsely represents that five hundred maunds of indigo are made annually at A’s factory, and thereby induces B to buy the factory?
- Which of the following injunction can be granted only by the decree made at hearing and upon the merit of the suit?
- A stipulation in a bond for payment of compound interest on failure to pay simple interest at the same rate as was payable upon the principal is not a penalty within the meaning of which of the following provision of the Indian Contract Act, 1872?
- Which of the following is the time limit given under Section 17 of the Transfer of Property Act, 1882?
View More Questions
Top AIBE Questions
- The concept of freedom of trade and commerce mentioned in the Indian Constitution is motivated from the experience of the following country?
- Which of the following writ is issued to enforce the performance of public duties by the authority?
- Which of the following Constitutional Amendment Act had made the provision for publishing Hindi Translation of the Constitution?
- Which of the following is the landmark judgment on the Colourable legislation?
- Which of the following Constitutional Amendment Act was passed in light of the advisory opinion received in Re Berubari case?
View More Questions