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According to Section 54 of Transfer of Property Act, a contract for the sale of immovable property:

Section 54 defines a contract for the sale of immovable property as a contract that a sale will take place on terms settled between the parties. It expressly states that…

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According to Section 54 of Transfer of Property Act, a contract for the sale of immovable property:

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Section 54 defines a contract for the sale of immovable property as a contract that a sale will take place on terms settled between the parties. It expressly states that such a contract does not, of itself, create an interest in or charge on the property. An agreement to sell is therefore distinct from the completed sale that conveys title.

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