Definition of Section 118 of Transfer of Property Act According to the Government of India Section 118 of Transfer of Property Act: “Exchange” defined.— When two persons mutually transfer the ownership of one thing for…
Definition of Section 119 of Transfer of Property Act According to the Government of India Section 119 of Transfer of Property Act: Right of party deprived of thing received in exchange.— If any party to…
Definition of Section 120 of Transfer of Property Act According to the Government of India Section 120 of Transfer of Property Act: Rights and liabilities of parties.— Save as otherwise provided in this Chapter, each…
Definition of Section 121 of Transfer of Property Act According to the Government of India Section 121 of Transfer of Property Act: Exchange of money.— On an exchange of money, each party thereby warrants the…
Definition of Section 122 of Transfer of Property Act According to the Government of India Section 122 of Transfer of Property Act: “Gift” defined.— “Gift” is the transfer of certain existing moveable or immoveable property…
Definition of Section 123 of Transfer of Property Act According to the Government of India Section 123 of Transfer of Property Act: Transfer how effected.— For the purpose of making a gift of immoveable property,…
Definition of Section 124 of Transfer of Property Act According to the Government of India Section 124 of Transfer of Property Act: Gift of existing and future property.— A gift comprising both existing and future…
Definition of Section 125 of Transfer of Property Act According to the Government of India Section 125 of Transfer of Property Act: Gift to several, of whom one does not accept.— A gift of a…
Definition of Section 126 of Transfer of Property Act According to the Government of India Section 126 of Transfer of Property Act: When gift may be suspended or revoked.— The donor and donee may agree…