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      Question

      Which of the following is true regarding contract for

      sale under the Transfer of Property Act?Β 
      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.

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