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      Question

      Contract for sale as  under s. 54 of the TP Act, 1882

      provides for_______.
      A Transfer of interest in immovable property Correct Answer Incorrect Answer
      B Transfer of interest in movable and immovable property Correct Answer Incorrect Answer
      C Transfer of charge in immovable property. Correct Answer Incorrect Answer
      D Terms of settlement between parties Correct Answer Incorrect Answer
      E Terms of settlement between parties for sale of immovable property. Correct Answer Incorrect Answer

      Solution

      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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