Mark the correct statement ........

Transfer of Property Act Others

Mark the correct statement:

By marshalling, a creditor having several securities is so to exercise his right as not to injure the right of another creditor on some of those securities.

By contribution all the securities .are to contribute equally and the whole liability is not thrown on one security only.

Both (a) and (b).

Only (a).

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Explanation:

- Option 1: Marshalling ensures that a creditor with multiple securities exercises their rights in a way that protects another creditor's rights on some of those securities. This principle is aimed at fairness among creditors.

- Option 2: The idea of contribution involves sharing responsibility among all securities, ensuring no single security bears the entire burden alone.

- Option 3: Both concepts are correct and applicable, covering different aspects of equitable treatment among creditors.

- Option 4: This option wrongly suggests that only the marshalling principle is applicable.

Correct Answer: Option 3: Both (a) and (b).