CUET Preparation Today
| Which of the following section of Transfer of Property Act deals with the exchange of immovable properties? |
118 112 124 130 |
| 118 |
| When two persons transfer ownership of one thing for the ownership of another, it is called exchange (Section 118 of the TPA). Transfer of property by exchange can be made only by way of sale. The rights and liabilities of the parties to exchange shall be that of the rights and liabilities of the buyer to the extent of receiving and that of the seller to the extent of giving. |
