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Transfer of right to enjoy an immovable property in consideration of price is known as:

Section 105 defines a lease as a transfer of a right to enjoy immovable property for the specified time or in perpetuity, for the stated consideration accepted by the…

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Transfer of right to enjoy an immovable property in consideration of price is known as:

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Correct answer C

Section 105 defines a lease as a transfer of a right to enjoy immovable property for the specified time or in perpetuity, for the stated consideration accepted by the transferee. A lease transfers that enjoyment interest, while a licence is only permission under its governing rules.

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