118. “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 theKEEP READING
119. 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 byKEEP READING
120. 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 whichKEEP READING
121. Exchange of money. On an exchange of money, each party thereby warrants the genuineness of the money given by him. Transfer of Property Act full bare act. Download Transfer of Property Act PDF.KEEP READING
122. “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 duringKEEP READING
123. Transfer how effected. For the purpose of making a gift of immovable 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 movable property, the transferKEEP READING
124. Gift of existing and future property. A gift comprising both existing and future property is void as to the latter. Transfer of Property Act full bare act. Download Transfer of Property Act PDF.KEEP READING
125. 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. Transfer of Property Act full bare act. Download TransferKEEP READING
126. 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 suspended or revoked; but a gift which the parties agree shall be revocable whollyKEEP READING
127. Onerous gifts. Where a gift is in the form of a single transfer to the same person of several things of which one is, and the others are not burdened by an obligation, the donee can take nothing by the gift unless he accepts it fully. Where a giftKEEP READING
128. Universal donee. Subject to the provisions of section 127, where a gift consists of the donor’s whole property, the donee is personally liable for all the debts due by and liabilities of the donor at the time of the gift to the extent of the property comprised therein. TransferKEEP READING
129. Saving of donations mortis causa and Muhammadan Law. Nothing in this Chapter relates to gifts of moveable property made in contemplation of death, or shall be deemed to affect any rule of Muhammadan law. Transfer of Property Act full bare act. Download Transfer of Property Act PDF. KEEP READING
CHAPTER VIII – OF TRANSFER OF ACTIONABLE CLAIMS 130. Transfer of actionable claim. (1) The transfer of an actionable claim whether with or without consideration shall be effected only by the execution of an instrument in writing signed by the transferor or his duly authorised agent, shall be complete andKEEP READING
130A. Transfer of policy of marine insurance. [Rep. by the Marine Insurance Act, 1963 (11 of 1963), sec. 92 (w.e.f. 1-8-1963).] Transfer of Property Act full bare act. Download Transfer of Property Act PDF.KEEP READING
131. Notice to be in writing, signed. Every notice of transfer of an actionable claim shall be in writing, signed by the transferor or his agent duly authorised in this behalf, or, in case the transferor refuses to sign, by the transferee or his agent, and shall state the nameKEEP READING
132. Liability of transferee of actionable claim. The transferee of an actionable claim shall take it subject to all the liabilities and equities and to which the transferor was subject in respect thereof at the date of the transfer. Illustrations (i) A transfers to C a debt due to himKEEP READING
