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    Question

    Contract for sale

    is_____.
    A Defined in s. 54 of TP act. Correct Answer Incorrect Answer
    B Not defined in TP Act. Correct Answer Incorrect Answer
    C Defined in s.55 of TP Act. Correct Answer Incorrect Answer
    D Defined in sale of goods act. Correct Answer Incorrect Answer
    E Same as contract of sale. Correct Answer Incorrect Answer

    Solution

    As per TP Act, 1882 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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