The transfer of movable property is governed by which provisions of Transfer of Property Act?
The chapter of the Transfer of Property Act, 1882 on gifts expressly covers movables: section 123 provides that a gift of movable property may be made by a registered…
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The transfer of movable property is governed by which provisions of Transfer of Property Act?
Answer and explanation
Correct answer D
The chapter of the Transfer of Property Act, 1882 on gifts expressly covers movables: section 123 provides that a gift of movable property may be made by a registered instrument signed by the donor or by delivery, so the answer is "gift". The Act deals with mortgage (section 58, transfer of an interest in specific immovable property), lease (section 105, lease of immovable property) and sale (Chapter III, sales of immovable property) only in relation to immovable property; sales of goods are governed by the Sale of Goods Act, 1930.
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