Multiple choice

Under Section 5 of Transfer of Property Act, does 'Living person' include company?

  1. True

  2. False

  3. Company is not a living person.

  4. Company cannot transfer its assets.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Under Section 5 of Transfer of property act, 1882, living person includes a company or association or body of individuals, whether incorporated or not.

 

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