Under Transfer of Property Act where two or more persons mutually transfer the ownership of one thing for the ownership of another, neither thing or both things being money only, the transfer is called
Under Transfer of Property Act where two or more persons mutually transfer the ownership of one thing for the ownership of another, neither thing or both things being money only, the transfer is called
.
Option A: A transfer
Option B: An exchange
Option C: A lease
Option D: An eviction
Correct Answer
Option: b
Explanation
When two persons mutually transfer the ownership of one thing for the ownership of another, neither thing or both things being money only, the transaction is called an ‘exchange’. A transfer of property in completion of an exchange can be made only in manner provided for the transfer of such property by sale.”
Sample Mock Tests for Practice
THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 21 Q. NO. 801 TO 840)