When two persons mutually transfer the ownership of one thing for the ownership of another neither t...........

Transfer of Property Act Exchanges

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;

Gift.

Exchange.

Charge

Lien.

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Explanation:

Exchange

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".