Question
Transfer of right to enjoy an immovable property in
consideration of price is known as:Solution
Transfer of Property Act: Section 105. Lease: A lease of immoveable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms. Lessor, lessee, premium and rent defined: The transferor is called the lessor, the transferee is called the lessee, the price is called the premium, and the money, share, service or other thing to be so rendered is called the rent.
Aarav and Bhumi entered into a partnership with Rs. 40,000 and Rs. 50,000 for 9 and 7 months, respectively. Bhumi used her entire profit to buy gold, wh...
Puneet and Malik began a business venture, initially investing their capital in a 4:5 ratio, respectively. After half a year, Puneet decided to withdraw...
Aisha and Rohan start a business investing Rs. 5400 and Rs. 3600. They agree that 50% of the profit is shared equally and the rest in the ratio of their...
βDβ, βEβ, and βFβ started a business with initial investments of Rs. 18000, Rs. 15000, and Rs. 24000, respectively. A condition was set that...
Palash invest twice the sum invested by Vicky and withdraws half of the sum after 2 months and again withdraws half of the remaining sum after 6 months....
In a business, A invested Rs. 2000 more than that by B. After 7 months, A left the business. If at the end of the year, profit earned by B is equal to t...
A & B invested Rs. 2X and Rs. (X + 500) for same period of time in a business. If A gets Rs. 4000 as profit share out of total profit of Rs. 7000, then ...
Humpty opened a workshop investing Rs.80,000. He invested additional amount of Rs.10,000 every year. After two years his friend Bunty joined him with a...
'A' and 'S' ventured into a business with initial investments of Rs. "w + 32" and Rs.'w', respectively. After 'x' months, 'V' joined them with an initia...
P, Q and R jointly invested in a business. Their initial investments were Rs. 3600, Rs. 4800 and Rs. βyβ respectively. If P and Q together received ...