Which of the following statement (s) is/are correct about the Transfer of Property Act ?
Answer & explanation
Correct answer: option 2
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 ´TPA’ 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 term 'Property' or the term ‘Transfer of Property’ are not defined in the Act.