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Under the Transfer of Property Act, 1882, a lease of immovable property for manufacturing purposes is…

For the statutory default, section 106(1) treats a manufacturing lease as year-to-year and terminable by six months’ notice, absent a contrary contract, local law or usage.…

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Under the Transfer of Property Act, 1882, a lease of immovable property for manufacturing purposes is determinable by giving notice of:

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Correct answer D

For the statutory default, section 106(1) treats a manufacturing lease as year-to-year and terminable by six months’ notice, absent a contrary contract, local law or usage. The notice period runs from receipt under section 106(2). The listed fifteen-day period instead belongs to the ordinary non-agricultural, non-manufacturing monthly default.

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