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A lease of immovable property is a transfer of a right to enjoy such property made for a certain time,…

The statement reproduces, in substance, the definition of lease in Section 105 of the Transfer of Property Act, 1882, so it is "TRUE".

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A lease of immovable property is a transfer of a right to enjoy such property made for a certain time, express or implied or in perpetuity in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms:

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Correct answer A

The statement reproduces, in substance, the definition of lease in Section 105 of the Transfer of Property Act, 1882, so it is "TRUE".

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