In Section 5 of the Transfer of Property Act, 1882, 'living person' includes:
Section 5 includes a company, association or body of individuals within the meaning of a living person, whether incorporated or not. The section describes conveyance to one…
Choose your answer
In Section 5 of the Transfer of Property Act, 1882, 'living person' includes:
Answer and explanation
Correct answer A
Section 5 includes a company, association or body of individuals within the meaning of a living person, whether incorporated or not. The section describes conveyance to one or more other living persons, to oneself, or to oneself and one or more other living persons.
Option feedback
Option A
Correct. Under the second paragraph of Section 5 of the Transfer of Property Act, 1882 (inserted by the Amending Act 20 of 1929), the expression 'living person' includes a company or association or body of individuals, whether incorporated or not.
Option B
Incorrect. Section 5 of the Transfer of Property Act, 1882 expressly extends the meaning of 'living person' beyond individual human beings to include a company or association or body of individuals, whether incorporated or not.
Option C
Incorrect. Section 5 of the Transfer of Property Act, 1882 is not limited to incorporated companies; it includes any company or association or body of individuals, whether incorporated or not.
Option D
Incorrect. Section 5 of the Transfer of Property Act, 1882 covers any company, association, or body of individuals, whether incorporated or not, and is not restricted to statutory corporations.
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