A deed under Part X transferring all the debtor's property for the benefit of the creditors is called a deed of gift.

Question

Quizplus · Accepted Answer

A deed under Part X transferring all the debtor's property for the benefit of the creditors is called a Deed of Assignment, not a deed of gift. A deed of gift is a transfer of property from one person to another without any exchange of money or other consideration.

A Deed Under Part X Transferring All the Debtor's Property