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Under the Transfer of Property Act, 1882, what is a transfer of ownership of immovable property for a…

Section 54 calls an ownership transfer for a price paid or promised a sale. Section 118 governs a mutual transfer of ownership in exchange, as distinguished from an…

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Under the Transfer of Property Act, 1882, what is a transfer of ownership of immovable property for a money price paid, promised, or partly paid and partly promised?

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Correct answer C

Section 54 calls an ownership transfer for a price paid or promised a sale. Section 118 governs a mutual transfer of ownership in exchange, as distinguished from an ownership transfer for a money price alone.

Option feedback

Option A

A mortgage transfers an interest in specific immovable property to secure a monetary obligation.

Option B

A lease transfers a right to enjoy immovable property under the terms of section 105.

Option C

Section 54 calls an ownership transfer for a price paid or promised a sale.

Option D

Section 118 governs a mutual transfer of ownership in exchange, as distinguished from an ownership transfer for a money price alone.

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