Question:
Following is not true about the sale and exchange
Following is not true about the sale and exchange
Updated On: Aug 5, 2024
- A transfer of property by exchange can be made in the same manner as is applicable to sale.
- Exchange is a natural incident of property, there is no need to enter into a contract for that purpose.
- Money may be added to anything which is exchanged to equalise the values of properties in exchange.
- Each party has similar rights and liabilities as that of a seller and a buyer.
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The Correct Option is B
Solution and Explanation
The correct option is (B): Exchange is a natural incident of property, there is no need to enter into a contract for that purpose.
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