Which of the following statement is NOT correct in the context of Transfer of Property Act?
Answer & explanation
Correct answer: option 3
Matters relating to property are governed by the Transfer of Property Act, 1882 in India. The object of the Transfer of Property Act (called the ´TPAµ under the unit of Property Law) is to regulate the transfer of property between living persons. It shall also serve as the code of contract law governing immovable property. The Transfer of Property Act, 1882 is a systematic and uniform law on the transfer of immovable property in India.