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

Section 54 requires a transfer of ownership in exchange for a price. The price can be paid, promised, or partly paid and partly promised.

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

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Answer and explanation

Correct answer C

Section 54 requires a transfer of ownership in exchange for a price. The price can be paid, promised, or partly paid and partly promised.

Option feedback

Option A

A promise to pay can supply the price.

Option B

Section 54 also permits a mixture of payment and promise.

Option C

All three forms of price are permitted where ownership is transferred.

Option D

Receipt of a price alone does not transfer ownership.

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