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Which one of the following is not transfer by an act of parties under Transfer of Property Act ?

Section 5 defines "transfer of property" as an act by which a living person conveys property, in present or in future, to one or more other living persons. Sale, mortgage…

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Which one of the following is not transfer by an act of parties under Transfer of Property Act ?

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Correct answer A

Section 5 defines "transfer of property" as an act by which a living person conveys property, in present or in future, to one or more other living persons. Sale, mortgage and gift are such acts of parties, whereas succession takes place by operation of law on death and is governed by the personal law of succession, not by the Transfer of Property Act.

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