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Transfer of interest exists in the case of
Profession
employment
business
none of these
- Transfer of interest typically refers to the transfer of ownership or rights from one party to another.
- Option 1: Profession
- Generally pertains to a career or occupation that often involves specialized education or training.
- Does not traditionally include transfer of interest because it is personal and non-transferable.
- Option 2: Employment
- Involves working for someone else under a contract or agreement.
- Ownership or interest in a job can’t be transferred as it is a personal role.
- Option 3: Business
- Involves commercial activity or enterprise where ownership interest can be transferred.
- Common examples are selling a business or transferring shares.
- Option 4: None of these
- Suggests no relevance among the options provided.
Correct Answer: Option 3: Business
By: santosh ProfileResourcesReport error
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