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Under the Transfer of Property Act, 1882, which of the following transfer is valid?

Under s.59 of the Transfer of Property Act, a usufructuary mortgage for less than Rs.100 may validly be made without a registered instrument by mere delivery of possession,…

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Under the Transfer of Property Act, 1882, which of the following transfer is valid?

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Correct answer A

Under s.59 of the Transfer of Property Act, a usufructuary mortgage for less than Rs.100 may validly be made without a registered instrument by mere delivery of possession, whereas a gift of immovable property, a year-to-year lease, and an assignment of debts each require a signed, and where applicable registered, writing regardless of value.

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