Section 54 of TPA : Section 54: ?Sale? Defined
TPA
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Explanation using Example
Imagine John wants to buy a house from Mary that is worth $200,000. According to Section 54 of the Transfer of Property Act, 1882, they must create a registered instrument, such as a sale deed, which officially records the transaction. This deed must be signed by both parties and registered with the appropriate government authority to legally transfer the ownership from Mary to John.
If, however, John were buying a small piece of land from Mary worth only ...
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