Match List I with List II under the Transfer of Property Act 1882. List IList II A. Premium 1. Mortgage…
Premium is the price paid for a lease (section 105); a universal donee is a gift concept (section 128); redemption belongs to mortgages (section 60); and the purchaser is a…
Choose your answer
Match List I with List II under the Transfer of Property Act 1882.
| List I | List II |
|---|---|
| A. Premium | 1. Mortgage |
| B. Universal donee | 2. Gift |
| C. Redemption | 3. Lease |
| D. Purchaser | 4. Sale |
Select the code in the order A, B, C, D.
Answer and explanation
Correct answer A
Premium is the price paid for a lease (section 105); a universal donee is a gift concept (section 128); redemption belongs to mortgages (section 60); and the purchaser is a party to a sale (section 54). The code is therefore "3 2 1 4".
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