Multiple choice

The term ‘sale’ in the Transfer of Property Act, 1882 is defined in

  1. Section 53

  2. Section 54

  3. Section 55

  4. Section 56

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B Correct answer
Explanation

Option (1) is incorrect: Section 53 of the Transfer of Property Act, 1882 deals with fraudulent transfer. Option (2) is correct: The term ‘sale’ in the Transfer of Property Act, 1882 is defined in Section 54. Option (3) is incorrect: Section 55 of the Transfer of Property Act, 1882 provides rights and liabilities of buyer and seller. Option (4) is incorrect: Section 56 of the Transfer of Property Act, 1882 deals with marshalling by subsequent purchaser.

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