Find the correct statements.
A. Transfer of property Act is applicable on the transfer of immovable property
B. Section 35 of the Transfer of Property Act deals with the doctrine of election
C. The person who transfers the property is called the transferee and to whom the transfer is made is called the tranferor
D. The transfer of movable property governed by Sale of Goods Act
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → A, B, D only
Here's a breakdown of the statements:
- A. Transfer of property Act is applicable on the transfer of immovable property: This statement is correct. The Transfer of Property Act primarily deals with the transfer of immovable property, such as land and buildings.
- B. Section 35 of the Transfer of Property Act deals with the doctrine of election: This statement is also correct. Section 35 of the Transfer of Property Act discusses the doctrine of election, which arises when a person is given conflicting options or choices. According to the principle of Doctrine of Election Section 35 of the TPA, a party to the transfer cannot accept as well as reject in a single transaction. In other words, while claiming advantage of an instrument, the burden of the instrument should also be accepted.
- C. The person who transfers the property is called the transferee and to whom the transfer is made is called the tranferor: This statement is incorrect. The person who transfers the property is called the transferor, and the person to whom the transfer is made is called the transferee.