Site navigation

As of 7 November 2026, under section 54 of the Transfer of Property Act, 1882, which transaction…

Section 54 defines a sale as transfer of ownership for a price paid or promised, or partly paid and partly promised. A mortgage transfers an interest as security, and a…

Choose your answer

As of 7 November 2026, under section 54 of the Transfer of Property Act, 1882, which transaction transfers ownership for a price paid or promised, or partly paid and partly promised?

Select one answer
Answer and explanation

Correct answer C

Section 54 defines a sale as transfer of ownership for a price paid or promised, or partly paid and partly promised. A mortgage transfers an interest as security, and a lease transfers a right to enjoy property; a licence does not itself transfer ownership.

Option feedback

Option A

A mortgage is a transfer of an interest as security, not the sale definition.

Option B

A licence does not itself transfer ownership and does not meet the sale definition.

Option C

Sale is the transaction defined in section 54.

Option D

A lease transfers a right to enjoy property rather than ownership.

Practice for these exams

Related question papers

Related exam syllabi

Related questions in this topic