As per the Transfer of Property Act, 1882, in case of transfer of property, the seller is:
In the absence of a contrary contract, section 55(4)(a) entitles the seller to the property’s rents and profits until ownership passes to the buyer. The entitlement…
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As per the Transfer of Property Act, 1882, in case of transfer of property, the seller is:
Answer and explanation
Correct answer B
In the absence of a contrary contract, section 55(4)(a) entitles the seller to the property’s rents and profits until ownership passes to the buyer. The entitlement therefore follows the ownership-transfer date, rather than continuing forever or ending merely when negotiations begin.
Current law: The same statutory seller-entitlement rule remains in section 55(4)(a), subject to a contrary contract.
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