“Exchange” defined.— When two persons mutually transfer the ownership of one thing for the ownership of another, neither thing or both things being money only, the transaction is called an “exchange”. A transfer of property… Section 118 of Transfer of Property Act

Right of party deprived of thing received in exchange.— If any party to an exchange or any person claiming through or under such party is by reason of any defect in the title of the… Section 119 of Transfer of Property Act

Rights and liabilities of parties.— Save as otherwise provided in this Chapter, each party has the rights and is subject to the liabilities of a seller as to that which he gives, and has the… Section 120 of Transfer of Property Act

Exchange of money.— On an exchange of money, each party thereby warrants the genuineness of the money given by him.

“Gift” defined.— “Gift” is the transfer of certain existing moveable or immoveable property made voluntarily and without consideration, by one person, called the donor, to another, called the donee, and accepted by or on behalf… Section 122 of Transfer of Property Act

Transfer how effected.— For the purpose of making a gift of immoveable property, the transfer must be effected by a registered instrument signed by or on behalf of the donor, and attested by at least… Section 123 of Transfer of Property Act

Gift of existing and future property.— A gift comprising both existing and future property is void as to the latter.

Gift to several, of whom one does not accept.— A gift of a thing to two or more donees, of whom one does not accept it, is void as to the interest which he would… Section 125 of Transfer of Property Act

When gift may be suspended or revoked.— The donor and donee may agree that on the happening of any specified event which does not depend on the will of the donor a gift shall be… Section 126 of Transfer of Property Act