Which one of the following is not the essential element of sale?
A sale under Section 54 of the Transfer of Property Act is a transfer of ownership in exchange for a price, so consideration is essential and a transfer "Without…
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Which one of the following is not the essential element of sale?
Answer and explanation
Correct answer B
A sale under Section 54 of the Transfer of Property Act is a transfer of ownership in exchange for a price, so consideration is essential and a transfer "Without consideration" is not an element of sale, while "Seller and buyer" and "Transfer of ownership" are essential elements.
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