Which of the following is not covered by the term transfer of property under the Transfer of Property…
A bona fide family settlement ordinarily recognises and rearranges antecedent claims or interests rather than transferring title from one person to another. Gift, exchange…
Choose your answer
Which of the following is not covered by the term transfer of property under the Transfer of Property Act, 1882?
Answer and explanation
Correct answer C
A bona fide family settlement ordinarily recognises and rearranges antecedent claims or interests rather than transferring title from one person to another. Gift, exchange and lease are recognised forms of transfer under the Act. A transaction labelled a family settlement must still be assessed by its real nature.
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