If A 39 s house worth Rs 2000 is to be exchanged for B 39 s field worth Rs 1200 and in pursuance of ...........

Transfer of Property Act Exchanges

If A's house worth Rs. 2000 is to be exchanged for B's field worth Rs. 1200 and in pursuance of this bargain, B agrees to pay to A Rs. 800 in cash, the transaction -is:

Sale.

Exchange.

Charge.

None of the above.

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Explanation:

Exchange.

According to Section 118. "Exchange" defined

When two persons mutually transfer the ownership of one thing for the ownership of another, neither thing or both things being money only, the transaction is called an "exchange".

A transfer of property in completion of an exchange can be made only in manner provided for the transfer of such property by sale.