Why is Section 54 of the Transfer of Property Act, 1882 so important : Here is A Legal Commentary for your better understanding
Text of the Provision Section 54 of the Transfer of Property Act, 1882 reads as follows: “Sale defined — ‘Sale’ is a transfer of ownership in exchange for a price paid or promised or part-paid and part-promised. Sale how made — Such transfer, in the case of tangible immovable property of the value of one