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    Question

    Sale is a Transfer of ownership in exchange of?

    A price paid or promised Correct Answer Incorrect Answer
    B price partly paid or partly promised Correct Answer Incorrect Answer
    C price paid Correct Answer Incorrect Answer
    D all of the above Correct Answer Incorrect Answer

    Solution

    As per. Transfer of Property Act, 1882 S. 54. “Sale” defined.—“Sale” is a transfer of ownership in exchange for a price paid or promised or part-paid and part-promised.

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