Under Section 5 of the Transfer of Property Act 1882 quot transfer of property quot means an act by ...........

Transfer of Property Act Others

Under Section 5 of the Transfer of Property Act, 1882 "transfer of property" means an act by which a living person conveys property, in present or in future, to one or more living persons In this relation which one of the following statements. is not correct?

Property may be transferred by a legal person in favour of another legal person.

A natural born person may transfer his property in favour of himself. Lpany

Transfer of property includes devolution of property in favour of a living person through the process of succession.

Property may be transferred in favour of an unborn person, through a living person.

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