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Which one of the following Sections of the Transfer of Property Act defines 'Transfer of Property'?
Answer & Solution
Correct Answer:
Option
D
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.
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.
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