Multiple choice

In exchange, under the provisions of the Transfer of Property Act, which of the following statements is true?

  1. There is a consideration.

  2. There is no consideration.

  3. There is no transfer of property.

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Option (1) is correct: When two persons mutually transfer the ownership of one thing for the ownership of another, it is called exchange. So, consideration must be present there.

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