Transfer of Property Act, 1882

Section 122

What constitutes a contract

⚡ Quick Answer Reference: Section 122 TPA

Provision: Section 122 of TPA
Act: Transfer of Property Act, 1882
Classification: property
Jurisdiction: India

Statutory Content

What does Section 122 of TPA say?

A contract of sale is formed when there is an offer and acceptance between the parties. The offer must be clear and unambiguous, and the acceptance must be unconditional. The contract can be oral or written, but it must be in writing if the property is worth more than Rs. 100. The contract must also specify the price, the property being sold, and the terms of the sale.

Indian StandardSection 122, Transfer of Property Act, 1882

Bluebook (21st ed.)Transfer of Property Act, 1882, § 122 (India)

Court Pleading StandardSection 122 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 122 TPA

What is Section 122 of TPA?

Section 122 of the Transfer of Property Act, 1882 (TPA) defines and regulates "What constitutes a contract". The section states: A contract of sale is formed when there is an offer and acceptance between the parties. The offer must be clear and unambiguous, and the acceptance must be unconditional. The contr...

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