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

    Question

    Section 5 of the Transfer of Property Act, 1882

    __________________
    A Applies to property sold in auction sale Correct Answer Incorrect Answer
    B Applies to compromise of doubtful rights Correct Answer Incorrect Answer
    C Applies to all kind of transfer of property Correct Answer Incorrect Answer
    D Does not apply to compromises of doubtful rights Correct Answer Incorrect Answer

    Solution

    “Transfer of property” defined—In the following sections “transfer of property” means an act by which a living person conveys property, in present or in future, to one or more other living persons, or to himself, 1or to himself and one or more other living persons; and “to transfer property” is to perform such act. In this section “living person” includes a company or association or body of individuals, whether incorporated or not, but nothing herein contained shall affect any law for the time being in force relating to transfer of property to or by companies, associations or bodies of individuals.

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