ldquo A contract for sale is not transfer of ownership rdquo This sentence is ........

Transfer of Property Act SALES OF PROPERTY

“A contract for sale is not transfer of ownership”, This sentence is ................

Absolutely True

Absolutely False

Partly True

Partly False

- Option 1: Absolutely True

- A contract for sale outlines the agreement for transferring ownership in the future.

- It does not equate to the immediate transfer of ownership.

- Ownership transfer typically happens upon fulfillment of contract terms.

- Option 2: Absolutely False

- This would mean a contract for sale always equals ownership transfer, which is incorrect.

- Option 3: Partly True

- Reflects the idea that a contract is a step towards ownership but not the final act.

- It involves future obligations for transferring ownership.

- Option 4: Partly False

- Implies that a contract doesn't contribute at all to ownership transfer, which isn't true.

Correct Answer: Option 1 - Absolutely True

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