Transfer of Property Act, 1882

Section 123

Contract to sell

⚡ Quick Answer Reference: Section 123 TPA

Provision: Section 123 of TPA
Act: Transfer of Property Act, 1882
Classification: property
Jurisdiction: India

Statutory Content

What does Section 123 of TPA say?

A contract to sell is a contract where the seller agrees to sell the property to the buyer, but the property has not yet been transferred. The contract to sell is a valid contract, and the seller is bound to sell the property to the buyer. The buyer is also bound to purchase the property from the seller. The contract to sell can be oral or written, but it must be in writing if the property is worth more than Rs. 100.

Indian StandardSection 123, Transfer of Property Act, 1882

Bluebook (21st ed.)Transfer of Property Act, 1882, § 123 (India)

Court Pleading StandardSection 123 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 123 TPA

What is Section 123 of TPA?

Section 123 of the Transfer of Property Act, 1882 (TPA) defines and regulates "Contract to sell". The section states: A contract to sell is a contract where the seller agrees to sell the property to the buyer, but the property has not yet been transferred. The contract to sell is a valid contract,...

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