Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Assignable, adj. That can be assigned; transferable from one person to another, so that the transferee has the same rights as the transferor had <assignable right>. Cf. Negotiable. Assignable lease
see lease.
Traditio nihil amplius transferee debet vel potest ad eum qui accipit quam est apud eum qui tradit
Delivery neither can nor should transfer anything more to the recipient than is in possession of the one who delivers.
Transferee
One to whom a property interest is conveyed.
transferee liability. Tax
The liability of a transferee to pay taxes owed by the transferor. ( This liability is limited to the value of the asset transferred. The Internal Revenue Service can, for example, force a donee to pay the gift tax when the donor who made the transfer cannot pay it. IRC (26 USCA) ยงยง 6901-6905.