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A owns a half-share, and B and C each own a quarter-share, of mauza Sultanpur. They exchange a…

Under section 46, where co-owners transfer their shares together for consideration and there is no contrary contract, the consideration is apportioned proportionately to…

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A owns a half-share, and B and C each own a quarter-share, of mauza Sultanpur. They exchange a one-eighth share of that mauza for a quarter-share of mauza Lalpura. There is no agreement to the contrary. As per the Transfer of Property Act, 1882, A is entitled to an eighth-share in Lalpura. B and C are each entitled to:

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Correct answer D

Under section 46, where co-owners transfer their shares together for consideration and there is no contrary contract, the consideration is apportioned proportionately to their interests. A owns half and receives half the acquired quarter-share, namely one-eighth. B and C each own a quarter and therefore each receive one-quarter of the acquired quarter-share, namely one-sixteenth.

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