Site navigation

Match each term in List I to its use under the Transfer of Property Act, 1882, in List II. List IList…

Section 105 calls the price paid for a lease the premium. Section 128 concerns a universal donee in a gift of the donor’s whole property. Section 60 governs mortgage…

Choose your answer

Match each term in List I to its use under the Transfer of Property Act, 1882, in List II.

List IList II
A. Premium1. Mortgage
B. Universal donee2. Gift
C. Redemption3. Lease
D. Purchaser4. Sale
Select one answer
Answer and explanation

Correct answer A

Section 105 calls the price paid for a lease the premium. Section 128 concerns a universal donee in a gift of the donor’s whole property.

Section 60 governs mortgage redemption. Under section 54, the purchaser is the buyer in a sale for a price.

Option feedback

Option A

All four terms are matched to their relevant transactions.

Option B

The premium is the price in a lease and the universal donee is associated with a gift. This code swaps those links and also misassigns redemption and purchaser.

Option C

A purchaser buys in a sale. Section 60 concerns mortgage redemption. The remaining links are also mismatched.

Option D

The premium is the price in a lease, and redemption is a mortgage concept here. The code also misassigns universal donee and purchaser.

Practice for these exams

Related question papers

Related exam syllabi

Related questions in this topic