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With reference to the Transfer of Property Act, 1882, which of the following is true? A contract for…

TPA section 54 expressly says a contract for sale does not of itself create any interest in or charge on the immovable property. It gives a contractual claim to a future…

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With reference to the Transfer of Property Act, 1882, which of the following is true? A contract for the sale of immovable property itself does not create:

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Correct answer B

TPA section 54 expressly says a contract for sale does not of itself create any interest in or charge on the immovable property. It gives a contractual claim to a future sale rather than itself effecting a conveyance. A buyer’s separate statutory charge under section 55(6)(b), where its conditions are met, must not be confused with a charge created by the bare agreement itself.

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