When two persons mutually transfer the ownership of another neither thing or both things being money...........

Transfer of Property Act Transfer of Property

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When two persons mutually transfer the ownership of another, neither thing or both things

being money only, the transaction is called_________

sale

an exchange

gift

None

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Explanation:

- Sale: This is a transaction where the ownership of a good or service is transferred in exchange for money. Usually involves one party giving money and other providing the good or service.

- An exchange: Involves mutual transfer of ownership between two parties. Each party gives something to the other, and neither thing needs to be money. This fits the definition provided.

- Gift: This is when ownership of a good is transferred without anything in return. The receiver does not give back anything to the giver.

- None: This could be chosen if the definition does not match any standard contractual type.

Option 2: an exchange fits the definition given.