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

    Question

    A person can become an Ostensible Owner of a property

    _____.
    A With the consent of person interested in movable property Correct Answer Incorrect Answer
    B With the consent of person interested in immovable property Correct Answer Incorrect Answer
    C With the expressed consent of representatives of immovable property. Correct Answer Incorrect Answer
    D With the implied consent of person interested in immovable property. Correct Answer Incorrect Answer
    E With the expressed or implied consent of person interested in immovable property. Correct Answer Incorrect Answer

    Solution

    Transfer of Property Act   S. 41. Transfer by ostensible owner. —Where, with the consent, express or implied, of the persons interested in immoveable property, a person is the ostensible owner of such property and transfers the same for consideration, the transfer shall not be violable on the ground that the transferor was not authorised to make it: Provided that the transferee, after taking reasonable care to ascertain that the transferor had power to make the transfer, has acted in good faith.

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