Question
A sells a property owned by him to B and C. B and C are
different buyers and have purchased the property in two unequal halves with different amount of purchase money paid to A. In such a situation who is entitled to the documents of title of property?Solution
Section 55 of Transfer of Property Act -(3)Where the whole of the purchase-money has been paid to the seller, he is also bound to deliver to the buyer all documents of title relating to the property which are in the seller’s possession or power: Provided that, (a) where the seller retains any part of the property comprised in such documents, he is entitled to retain them all, and, (b) where the whole of such property is sold to different buyers, the buyer of the lot of greatest value is entitled to such documents.
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