Question
A transfer of property in completion of an exchange can
be made only in the manner provided for the transfer of such property:Solution
1. Transfer of Property Act: Section 118. “Exchange” defined: When two persons mutually transfer the ownership of one thing for the ownership of another neither thing or both things being money only, the transaction is called an "exchange". A transfer of property in completion of an exchange can be made only in manner provided for the transfer of such property by sale.
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Statement 1: ...
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