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The definition of 'Sale' is contained in the Transfer of Property Act, 1882 in Section—

Section 54 of the Transfer of Property Act, 1882 defines sale as "a transfer of ownership in exchange for a price paid or promised or part-paid and part-promised". The same…

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The definition of 'Sale' is contained in the Transfer of Property Act, 1882 in Section—

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Section 54 of the Transfer of Property Act, 1882 defines sale as "a transfer of ownership in exchange for a price paid or promised or part-paid and part-promised". The same section requires a registered instrument for a sale of tangible immovable property worth one hundred rupees or more. Section 105 defines a lease and s. 100 a charge, so neither is the definition of sale.

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