📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Which of the following is true regarding contract for

    sale under the Transfer of Property Act? 
    A It immediately transfers ownership of property Correct Answer Incorrect Answer
    B It creates an interest or charge on the property Correct Answer Incorrect Answer
    C It is an agreement that the sale shall take place on agreed terms in the future Correct Answer Incorrect Answer
    D It is invalid without registration Correct Answer Incorrect Answer
    E It allows the buyer to possess the property immediately Correct Answer Incorrect Answer

    Solution

    A contract for sale is an agreement to sell property on agreed terms but does not transfer ownership or create a charge. Ownership passes only upon execution of the sale deed.

    Practice Next
    ask-question