Transfer of Property Act, 1882

Section 121

Definition of "sale" and "transfer of property" in certain cases

⚡ Quick Answer Reference: Section 121 TPA

Provision: Section 121 of TPA
Act: Transfer of Property Act, 1882
Classification: property
Jurisdiction: India

Statutory Content

What does Section 121 of TPA say?

A "sale" of property means a transfer of ownership in exchange for a price paid or promised or to be paid at a later date. A "transfer of property" includes any disposition of property made in consideration of a price paid or promised or to be paid at a later date. This section applies to all types of property, including immovable and movable property.

Indian StandardSection 121, Transfer of Property Act, 1882

Bluebook (21st ed.)Transfer of Property Act, 1882, § 121 (India)

Court Pleading StandardSection 121 of the Transfer of Property Act, 1882

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 121 TPA

What is Section 121 of TPA?

Section 121 of the Transfer of Property Act, 1882 (TPA) defines and regulates "Definition of "sale" and "transfer of property" in certain cases". The section states: A "sale" of property means a transfer of ownership in exchange for a price paid or promised or to be paid at a later date. A "transfer of property" includes any disposition of prop...

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