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Within the meaning of Section 54 of the Transfer of Property Act, the 'sale' does not include

A "hire purchase transaction" is not a sale within Section 54 of the Transfer of Property Act because ownership does not pass until the option to purchase is exercised,…

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Within the meaning of Section 54 of the Transfer of Property Act, the 'sale' does not include

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Correct answer A

A "hire purchase transaction" is not a sale within Section 54 of the Transfer of Property Act because ownership does not pass until the option to purchase is exercised, unlike an "auction sale" or an "instalment payment system" where ownership is transferred.

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