Match the following : Column I Column II (a) Sale (i) Transfer of right to enjoy property not…

Sale is the transfer of ownership in exchange for a price paid or promised ((a)-(iv), Section 54 of the Transfer of Property Act, 1882). Under a usufructuary mortgage, the mortgagor delivers possession and authorizes the mortgagee to retain possession and enjoy the rents and profits in lieu of interest or principal, without transferring ownership ((b)-(i), Section 58(d)). Under a hire-purchase agreement, ownership passes only upon payment of the final instalment and exercise of the option to purchase ((c)-(ii)). A gift is the transfer of ownership of existing property made voluntarily and without consideration ((d)-(iii), Section 122).