Law · Transfer of Property Act
According to Section 118 of the Transfer of Property Act, 1882, an 'exchange' is defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The transfer of ownership of one thing for the ownership of another, where both things are money only.
- 2The transfer of ownership of one thing for the ownership of another, neither thing or both things being money only.✓
- 3The transfer of ownership of one thing for the ownership of another, with only one of the things being money.
- 4The transfer of ownership of one thing for the ownership of another, where both things must be non-monetary assets.
Correct answer
The transfer of ownership of one thing for the ownership of another, neither thing or both things being money only.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Law?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Transfer of Property Act MCQs →Want more practice questions on Transfer of Property Act?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Law · Transfer of Property Act