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    Question

    Assertion: Lease for a term exceeding one year can be made with or without a registered instrument.

    Reason: S.107 specifies how leases are made

    A A is false, R is true and not correct explanation of A Correct Answer Incorrect Answer
    B A is true, R is true and correct explanation of A. Correct Answer Incorrect Answer
    C A is false, R is false and not correct explanation of A Correct Answer Incorrect Answer
    D A is true, R is false and not correct explanation of A Correct Answer Incorrect Answer

    Solution

    A lease for a term exceeding one year can be carried out only with a registered instrument, this is provided under s.107 of the Transfer of Property Act which prescribes how leases are made

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