Which one of the following Sections of the Transfer of Property Act defines 'Transfer of Property'?

Solution (By Examveda Team)

Correct Answer: Option D: Section 5

The Transfer of Property Act, 1882, governs the transfer of property in India. It defines various legal aspects related to property transactions.

Definition of 'Transfer of Property':

- Section 5 of the Transfer of Property Act, 1882, defines 'Transfer of Property'.
- It states that "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."
- The term 'living person' includes companies, associations, or bodies of individuals.

Analysis of Options:

- Option A: Section 2 → Incorrect, as it deals with the scope and extent of the Act.
- Option B: Section 3 → Incorrect, as it provides definitions of key terms used in the Act.
- Option C: Section 4 → Incorrect, as it refers to enactment related provisions.
- Option D: Section 5 → Correct, as it explicitly defines 'Transfer of Property'.

Conclusion: The correct answer is Option D: Section 5, as it provides the legal definition of 'Transfer of Property' under the Transfer of Property Act, 1882.