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

    Question

    What does the term "transfer of property" mean as per

    the Transfer of Property Act?
    A An act by which a living person conveys property to another living person only in the present Correct Answer Incorrect Answer
    B An act by which a living person conveys property in the future to himself or another living person Correct Answer Incorrect Answer
    C An act by which a living person conveys property, in present or in future, to one or more other living persons, or to himself, or to himself and one or more other living persons Correct Answer Incorrect Answer
    D An act by which a living person transfers property only to himself Correct Answer Incorrect Answer
    E An act by which a living person conveys property exclusively to another person in present Correct Answer Incorrect Answer

    Solution

    Section 5. “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, or to himself and one or more other living persons; and “to transfer property” is to perform such act.

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