New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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.

    Practice Next

    Relevant for Exams: