151. Transactions at an undervalue.

Dispositions which are made by way of gift or at an undervalue1 (whether inter vivos or by assent) are not generally acceptable as roots of title in unregistered land because no investigation of title would have been made by the donee at the time of the transaction2. Where a prospective buyer or mortgagee of land, whether registered or not, has notice that the land has been the subject of an undervalue transaction, it may be necessary to consider whether the courts' powers to set aside, under the Insolvency Act 19863 apply. If they do apply, it will then be