New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    As per section 55 of the Transfer of Property Act, 1882

    in the absence of a contract to the contrary, where the ownership of the property has passed to the buyer, the buyer is _____________________
    A Not entitled to any benefit of improvement or increase in value of the property Correct Answer Incorrect Answer
    B Entitled to the benefit of improvement or increase in value only if explicitly mentioned in the contract Correct Answer Incorrect Answer
    C Entitled to the benefit of any improvement or increase in value of the property Correct Answer Incorrect Answer
    D Entitled only to the rents and profits of the property, not to any improvement or increase in value Correct Answer Incorrect Answer
    E Entitled to the benefit of improvement or increase in value, but not to the rents and profits Correct Answer Incorrect Answer

    Solution

    Section 55. Rights and liabilities of buyer and seller—In the absence of a contract to the contrary, the buyer and the seller of immoveable property respectively are subject to the liabilities, and have the rights, mentioned in the rules next following, or such of them as are applicable to the property sold: (6) The buyer is entitled— (a) where the ownership of the property has passed to him, to the benefit of any improvement in, or increase in value of, the property, and to the rents and profits thereof.

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