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.
- D. The transfer of movable property governed by Sale of Goods Act: This statement is correct. The transfer of movable property, such as goods and chattels, is primarily governed by the Sale of Goods Act.
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