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Assume that no special law or notification changes the general rule in the Transfer of Property Act, 1882. Which transaction can be completed by oral agreement accompanied by delivery of possession?

Question and options

Assume that no special law or notification changes the general rule in the Transfer of Property Act, 1882. Which transaction can be completed by oral agreement accompanied by delivery of possession?

  1. Sale of tangible immovable property worth ₹100 or more

  2. A fixed eleven-month lease of land that does not reserve a yearly rent

  3. An exchange of two parcels of land, each worth ₹100 or more

  4. A lease of land for eleven months reserving a yearly rent

Answer and explanation

Correct answer: B - A fixed eleven-month lease of land that does not reserve a yearly rent

Under section 107, a lease from year to year, for a term exceeding one year or reserving a yearly rent requires a registered instrument. The stated eleven-month lease falls outside those categories and can be made orally with delivery of possession. Section 54 requires a registered instrument for the stated sale, and section 118 applies the sale formalities to the stated exchange.

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