Provisions of Transfer of Property Act shall be applicable—
The Act governs transfers inter vivos "Where the property is transferred by the act of parties" under s.5 TPA, not transfers by operation of law such as "Where property is…
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Provisions of Transfer of Property Act shall be applicable—
Answer and explanation
Correct answer C
The Act governs transfers inter vivos "Where the property is transferred by the act of parties" under s.5 TPA, not transfers by operation of law such as "Where property is transferred in execution of decree of the Court", "Where the property of insolvent vests in Receiver by the order of the Court" or intestate succession.
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