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Which of the following is not an essential ingredient of sale of tangible immovable property of the…

Under s.54 of the Transfer of Property Act, a sale of tangible immovable property worth one hundred rupees or more requires transfer of ownership for a price paid, promised,…

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Which of the following is not an essential ingredient of sale of tangible immovable property of the value of one hundred rupees and upward u/s 54 of the T.P. Act?

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Correct answer C

Under s.54 of the Transfer of Property Act, a sale of tangible immovable property worth one hundred rupees or more requires transfer of ownership for a price paid, promised, or partly paid and partly promised, effected by a registered instrument; delivery of possession is not itself an essential ingredient of such a sale.

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