The provision as to exchange of money has been provided under which of the following sections of T.P.…
Section 121 of the Transfer of Property Act, 1882, headed "Exchange of money", provides that on an exchange of money each party warrants the genuineness of the money given…
Choose your answer
The provision as to exchange of money has been provided under which of the following sections of T.P. Act?
Answer and explanation
Correct answer C
Section 121 of the Transfer of Property Act, 1882, headed "Exchange of money", provides that on an exchange of money each party warrants the genuineness of the money given by him. So the answer is "Section 121". Section 118 defines exchange, and section 119 gives a party deprived of the thing received in exchange the right to compensation or the return of what he gave.
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