Multiple Choice Questions on Mark the incorrect statement ........ for Judicial Services (Master) Preparation

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Multiple Choice Questions

Mark the incorrect statement ........

Transfer of Property Act SALES OF PROPERTY
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    Mark the incorrect statement:

    There need not be two parties to a sale; the seller could himself be the buyer:

    Correct Answer

    Without consideration a sale would be void.

    Incorrect Answer

    The seller must be a person competent to transfer; the buyer must be a person competent to be a transferee.

    Incorrect Answer

    None of the above. 

    Incorrect Answer
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    Explanation:

    There need not be two parties to a sale; the seller could himself be the buyer:

    Essentials of a sale:

    Essential Elements of a Valid Contract. All the requirements of a valid contract such as free consent, consideration, competency of the parties, lawful object and consideration must be fulfilled.

    There must be Two Parties.

    Goods. ...

    Transfer of Ownership. ...

    Consideration

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