Under section 5 of the Transfer of Property Act, 1882, does living person include a company?
Question and options
Under section 5 of the Transfer of Property Act, 1882, does living person include a company?
Yes, a company is included
No, it means only natural persons
Only if the company has a single shareholder
Only if the company is incorporated in India
Answer and explanation
Correct answer: A - Yes, a company is included
Section 5 includes a company, association or body of individuals, incorporated or unincorporated, within living person. It preserves other laws governing transfers to or by those entities.
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