Law of Property Act 1925 Part IX — Voidable Dispositions

173–174・2 provisions

Voluntary disposition of land how far voidable as against purchasers.

173

(1) Every voluntary disposition of land made with intent to defraud a subsequent purchaser is voidable at the instance of that purchaser. (2) For the purposes of this section, no voluntary disposition, whenever made, shall be deemed to have been made with intent to defraud by reason only that a subsequent conveyance for valuable consideration was made, if such subsequent conveyance was made after the twenty-eighth day of June, eighteen hundred and ninety-three.

Acquisitions of reversions at an under value.

174

(1) No acquisition made in good faith, without fraud or unfair dealing, of any reversionary interest in real or personal property, for money or money’s worth, shall be liable to be opened or set aside merely on the ground of under value. In this subsection “ reversionary interest ” includes an expectancy or possibility. (2) This section does not affect the jurisdiction of the court to set aside or modify unconscionable bargains.

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