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Legal Terms- fraudulent conveyance
A land transfer that is made with the intention of defrauding a subsequent purchaser and without valuable consideration. An illustration of fraudulent conveyance is when A, who has entered into a contract to sell the land to B, transfers the property to his associate C in order to circumvent the contract with B. B is entitled to have the conveyance to C set aside by the court under the Law of Property Act 1925.
A land transfer that is made with the intention of defrauding a subsequent purchaser and without valuable consideration. An illustration of fraudulent conveyance is when A, who has entered into a contract to sell the land to B, transfers the property to his associate C in order to circumvent the contract with B. B is entitled to have the conveyance to C set aside by the court under the Law of Property Act 1925.
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