Under Section 54 of the Transfer of Property Act, 1882, how may a sale of tangible…

Under Section 54 of the Transfer of Property Act, 1882, how may a sale of tangible immovable property worth less than Rs. 100 be made?

Option A: By a registered instrument or by delivery of the property
Option B: Only by a registered instrument
Option C: Only by delivery of the property
Option D: By an oral agreement alone, without registration or delivery

Show answer and explanation

Answer: A. By a registered instrument or by delivery of the property

Explanation

Section 54 lets a sale of tangible immovable property worth less than Rs. 100 be made either by a registered instrument or by delivery of the property, that is, by putting the buyer in possession. The tempting answer, a registered instrument only, is the rule for tangible immovable property worth Rs. 100 or more and for a reversion or other intangible thing.

Legal provision:: Section 54, Transfer of Property Act, 1882

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