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The term ‘sale’ is defined in which Section of the Transfer of Property Act?

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, and…

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The term ‘sale’ is defined in which Section of the Transfer of Property Act?

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Answer and explanation

Correct answer C

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, and specifies how a sale of immovable property is made. Section 52 deals with lis pendens, Section 53 deals with fraudulent transfer, and Section 55 governs the rights and liabilities of the buyer and seller.

Option feedback

Option A

Incorrect. Section 52 of the Transfer of Property Act, 1882 embodies the doctrine of lis pendens (transfer of property pending suit relating thereto).

Option B

Incorrect. Section 53 of the Transfer of Property Act, 1882 deals with fraudulent transfers.

Option C

Correct. 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.

Option D

Incorrect. Section 55 of the Transfer of Property Act, 1882 sets out the rights and liabilities of the buyer and seller.

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