Section 5 of the Transfer of Property Act, 1882 __________________
“Transfer of property” defined—In the following sections “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, 1or to himself and one or more other living persons; and “to transfer property” is to perform such act. In this section “living person” includes a company or association or body of individuals, whether incorporated or not, but nothing herein contained shall affect any law for the time being in force relating to transfer of property to or by companies, associations or bodies of individuals.
A, B and C joined into a partnership with investment in the ratio of 6 : 7 : 9 respectively. Behind one year, B doubled his investment. At the end of ...
A and B entered into a business investing their capital in the ratio of 16:21, respectively and the respective ratio of time for which they made their i...
‘A’ started a business with the investment of Rs. 19000. After ‘x’ months and after 6 months from starting ‘B’ and ‘C’, respectively, jo...
Aman, Bhanu, and Chinky commenced a business with initial investments in the ratio 5:7:8, respectively. After one year, they made additional investments...
Three persons Arvind, Bittu and Chinmey entered into a partnership with initial capitals of Rs.5000, Rs.7000, Rs.9000 respectively for 6 months, 5 month...
The savings of Arun and Bhaskar are same. The difference between the expenditure of Bhaskar and the savings of both Arun and Bhaskar together is 0. The ...
Anil and Sunil together start a business with investment of Rs. 1500 and Rs. ‘x + 1300’, respectively. If the profit earned after 5 years is...
‘A’ and ‘B’ entered into a partnership by investing Rs. 9900 and Rs. 5500, respectively. If ‘A’ invested his sum for...
A invested Rs X in a scheme. After 6 months, B joined with Rs 3000 more than that of A. After an year, ratio of profit of B to the total profit was 5: 9...
A and B enter into a partnership with their initial sum of Rs.28000 and Rs.40000 respectively. After 8 months, a third person C also joins them with his...