New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Transfer of property takes place _______? 

    A By act of parties Correct Answer Incorrect Answer
    B By Operation of law. Correct Answer Incorrect Answer
    C Between living persons and not corporations. Correct Answer Incorrect Answer
    D All of the above are correct. Correct Answer Incorrect Answer

    Solution

    The Transfer of Property Act is applicable primarily on transfer of immovable property from one living being (inter vivos) to another. Also, the Act is applicable on property transfer by individuals, as well as by companies. However, the Transfer of Property Act is applicable to acts of parties and not on transfers applicable by the law.

    Practice Next