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Under section 54 of the Transfer of Property Act, 1882, what passes by a sale of immovable property in…

Section 54 defines sale as the transfer of ownership for a price paid, promised, or partly paid and partly promised. A contract for sale and the sale itself are distinct.…

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Under section 54 of the Transfer of Property Act, 1882, what passes by a sale of immovable property in exchange for a price?

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Answer and explanation

Correct answer C

Section 54 defines sale as the transfer of ownership for a price paid, promised, or partly paid and partly promised.

A contract for sale and the sale itself are distinct. The contract does not itself create an interest in or charge on the property.

Option feedback

Option A

A transfer of an interest to secure payment describes a mortgage under section 58(a).

Option B

Section 105 uses transfer of a right to enjoy to define a lease.

Option C

Section 54 defines sale as a transfer of ownership in exchange for a price.

Option D

A contract for sale does not itself create an interest in or charge on the property.

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