Transfer of Property Act, 1882

Section 124

Contract of sale how made

⚡ Quick Answer Reference: Section 124 TPA

Provision: Section 124 of TPA
Act: Transfer of Property Act, 1882
Classification: property
Jurisdiction: India

Statutory Content

What does Section 124 of TPA say?

A contract of sale can be made in writing or by word of mouth. If the contract is made by word of mouth, it must be in writing if the property is worth more than Rs. 100. The contract must specify the price, the property being sold, and the terms of the sale. The contract can be made through an agent, and the agent must have the authority to act on behalf of the principal.

Indian StandardSection 124, Transfer of Property Act, 1882

Bluebook (21st ed.)Transfer of Property Act, 1882, § 124 (India)

Court Pleading StandardSection 124 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 124 TPA

What is Section 124 of TPA?

Section 124 of the Transfer of Property Act, 1882 (TPA) defines and regulates "Contract of sale how made". The section states: A contract of sale can be made in writing or by word of mouth. If the contract is made by word of mouth, it must be in writing if the property is worth more than Rs. 100. The contr...

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