Site navigation

As per the Transfer of Property Act, 1882, a contract for sale of immovable property

A contract for sale is an agreement that a sale will take place on settled terms. Section 54 distinguishes that agreement from the completed transfer of ownership and states…

Choose your answer

As per the Transfer of Property Act, 1882, a contract for sale of immovable property

Select one answer
Answer and explanation

Correct answer A

A contract for sale is an agreement that a sale will take place on settled terms. Section 54 distinguishes that agreement from the completed transfer of ownership and states that the agreement itself creates no interest or charge in the property. A contractual right to seek performance is therefore different from already owning the property.

Practice for these exams

Related question papers

Related exam syllabi

Related questions in this topic