The concept of "Transfer of Property" under Section 5 of the Transfer of Property Act, 1882, refers to
Question and options
The concept of "Transfer of Property" under Section 5 of the Transfer of Property Act, 1882, refers to
- Sale of property
- Mortgage of property
- Transfer of property from one living person to another
- Transfer of property by will
Answer and explanation
Correct answer: C - Transfer of property from one living person to another
Sec 5 TPA defines transfer of property as an act by which a living person conveys property to one or more other living persons. A transfer by will is excluded since it is not inter vivos; sale and mortgage are only kinds of transfer.
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