For the protection in section 41 of the Transfer of Property Act, 1882, assume all other conditions are…
Section 41 protects a transfer for consideration by an ostensible owner only when its other stated conditions are met. Consideration is therefore necessary for that…
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For the protection in section 41 of the Transfer of Property Act, 1882, assume all other conditions are met, including the owner's consent to ostensible ownership and the transferee's reasonable care and good faith. What consideration condition must the transfer satisfy?
Answer and explanation
Correct answer B
Section 41 protects a transfer for consideration by an ostensible owner only when its other stated conditions are met. Consideration is therefore necessary for that particular protection. It is not necessary for every valid legal interest: a properly completed gift can transfer title without consideration.