Question

If the buyer has paid the purchase money and the seller has not delivered the possession of property within reasonable time, buyer can:

A Wait for seller to deliver possession of property. Correct Answer Incorrect Answer
B Cancel the sale immediately Correct Answer Incorrect Answer
C Buyer can charge interest on purchase money paid Correct Answer Incorrect Answer
D Buyer can give him a notice to deliver possession Correct Answer Incorrect Answer

Solution

As per section 55 of the Transfer of Property act, buyer can charge interest on the purchase money paid from the date of payment till the date of delivery of property or execution of sale deed.

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