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What constitutes a sale under section 54 of the Transfer of Property Act, 1882?

Section 54 defines a sale as a transfer of ownership in exchange for a price paid, promised, or partly paid and partly promised.

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What constitutes a sale under section 54 of the Transfer of Property Act, 1882?

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Answer and explanation

Correct answer C

Section 54 defines a sale as a transfer of ownership in exchange for a price paid, promised, or partly paid and partly promised.

Option feedback

Option A

The definition expressly includes a promised price as well as a paid one.

Option B

The definition also includes a price partly paid and partly promised.

Option C

Section 54 includes all three ways of providing the price in exchange for ownership.

Option D

A receipt of price alone does not transfer ownership.

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