CLAT 2014 Question Paper with answer key for online practice
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Question : 197 of 200
Marks:
+1,
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Principle:
When there is transfer of ownership of one thing for the ownership of some other thing it is called exchange; while transfer of ownership for consideration of money is called sale, whereas, without consideration it becomes gift.
Facts:
'A' transfers his house worth Rs. 50 Lakhs to 'B' for a shopping building worth the same amount, as consideration, from 'B'.
When there is transfer of ownership of one thing for the ownership of some other thing it is called exchange; while transfer of ownership for consideration of money is called sale, whereas, without consideration it becomes gift.
Facts:
'A' transfers his house worth Rs. 50 Lakhs to 'B' for a shopping building worth the same amount, as consideration, from 'B'.
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