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      Question

      Contract for sale, in the context of Transfer of

      Property Act is for ___.
      A Sale of immovable property Correct Answer Incorrect Answer
      B Sale of movable property. Correct Answer Incorrect Answer
      C Sale of both movable and immovable property. Correct Answer Incorrect Answer
      D Sale of mortgages property Correct Answer Incorrect Answer
      E Sale of leased and mortgaged property. Correct Answer Incorrect Answer

      Solution

      Transfer of Property Act  S. 54 Contract for sale.— A contract for the sale of immoveable property is a contract that a sale of such property shall take place on terms settled between the parties. It does not, of itself, create any interest in or charge on such property.

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