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Under Transfer of Property Act, 1882, sale is a transfer of

Section 54 defines sale as transfer of ownership in exchange for a price paid, promised, or part-paid and part-promised. Transfer of an interest as security describes a…

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Under Transfer of Property Act, 1882, sale is a transfer of

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Section 54 defines sale as transfer of ownership in exchange for a price paid, promised, or part-paid and part-promised. Transfer of an interest as security describes a mortgage, while transfer of a right to enjoy property describes a lease. Sale transfers the ownership itself.

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