Section 117 of Transfer of Property Act
Exemption of leases for agricultural purposes.— None of the provisions of this Chapter apply to leases for agricultural purposes, except in so far as the State Government may by notification published in the Official Gazette, declare all or any of such provisions to be so applicable in the case of all or any such leases, […]
Section 118 of Transfer of Property Act
“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 in completion of an exchange can be made only in manner provided for the transfer of such property by sale.
Section 119 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 other party deprived of the thing or any part of the thing received by him in exchange, then, unless a […]
Section 120 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 rights and is subject to the liabilities of a buyer as to that which he takes.
Section 121 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.
Section 122 of Transfer of Property Act
“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 of the donee. Acceptance when to be made.— Such acceptance must be made during the lifetime of the donor and […]
Section 123 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 two witnesses. For the purpose of making a gift of moveable property, the transfer may be effected either by a […]
Section 124 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.
Section 125 of Transfer of Property Act
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 have taken had he accepted.