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| A offers to sell his house to B. B in consideration of the house sells his farm land to A. Instead of getting money for his house, A has received a farm land from B. In this context which of the following statement (s) is/are NOT correct? |
This is an example for sale of property. The rights and liabilities of B will be that of buyer towards the sale of the house and that of seller towards the sale of the farm land. The rights and liabilities of A will be that of seller towards the sale of the house and will be that of buyer towards the sale of the farm land. None of the above |
| This is an example for sale of property. |
| A offers to sell his house to B. B in consideration of the house sells his farm to A. Instead of getting money for his house, A has received a farm land from B. This is an example for exchange. The rights and liabilities of A will be that of seller towards the sale of the house and will be that of buyer towards the sale of the farm land. Similarly, the rights and liabilities of B will be that of buyer towards the sale of the house and that of seller towards the sale of the farm land. |
