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    Question

    Contract for sale as under s. 54 of the TP Act, 1882 provides for_______

    A Transfer of interest in immovable property Correct Answer Incorrect Answer
    B Transfer of charge in immovable property Correct Answer Incorrect Answer
    C Transfer of interest in movable and immovable property Correct Answer Incorrect Answer
    D Terms of settlement between parties for sale of immovable property Correct Answer Incorrect Answer

    Solution

    Contract for sale—A contract for the sale of immoveable property is a contract that a sale of such property shall take place on terms settled between the parties. It does not, of itself, create any interest in or charge on such property.

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