Section 55 of TPA : Section 55: Rights And Liabilities Of Buyer And Seller

TPA

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Explanation using Example

Imagine Sarah is selling her house to John. According to Section 55 of The Transfer of Property Act, 1882, Sarah (the seller) is required to inform John (the buyer) of any significant defects in the house that she is aware of but John might not easily notice. For instance, if there is a hidden crack in the foundation that Sarah knows about, she must disclose this to John before the sale is completed.

Furthermore, if John requests to see the property documents, Sarah must provide them for his examination. If John ...

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