Question
A transfer of property in completion of an exchange can
be made only in the manner provided for the transfer of such property:Solution
1. Transfer of Property Act: Section 118. “Exchange” defined: When two persons mutually transfer the ownership of one thing for the ownership of another neither thing or both things being money only, the transaction is called an "exchange". A transfer of property in completion of an exchange can be made only in manner provided for the transfer of such property by sale.
Study the information carefully and answer the questions accordingly.
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