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

    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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