📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Transaction of transfer of ownership in the property for

    a price partly paid and partly promised is:
    A Sale Correct Answer Incorrect Answer
    B exchange Correct Answer Incorrect Answer
    C Both A and B. Correct Answer Incorrect Answer
    D Either A or B Correct Answer Incorrect Answer
    E Mortgage of money Correct Answer Incorrect Answer

    Solution

    As per s.54 of the TP Act, 1882. 54. “Sale” defined.—“Sale” is a transfer of ownership in exchange for a price paid or promised  or part-paid and part-promised.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call