New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    Contract for sale as  under section 54 of the Transfer

    of Property 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.

    Practice Next