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,…
Choose your answer
Under the Transfer of Property Act, 1882, which of the following transfer is valid?
Answer and explanation
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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