Multiple choice

Provisions of Transfer of property Act shall be applicable

  1. where property is transferred in execution of decree of the court

  2. where the property of insolvent vests in Receiver by the order of the court

  3. where the property is transferred by the act of parties

  4. to intestate succession
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C Correct answer
Explanation

Under Section 5 of Transfer of property act, 1882, "transfer of property" means an act by which a living person conveys property, in present or in future, to one or more other living persons, or to himself and one or more other living persons; and "to transfer property" is to perform such act.  

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