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

    Question

    Contract for sale is__________.

    A Not defined in TP Act. Correct Answer Incorrect Answer
    B Defined in s. 54 of TP act Correct Answer Incorrect Answer
    C Defined in s.55 of TP Act Correct Answer Incorrect Answer
    D Defined in sale of goods act Correct Answer Incorrect Answer

    Solution

    As per TP Act, 1882 Section 54 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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