BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Lease of property is a transfer of the right to enjoy the property, for a certain period of time or in perpetuity, for consideration paid or promised by the transferee. In a lease transaction, the owner of the property is the transferor and the tenant is the transferee.
Detailed explanation-2: -Previous Next. When two persons mutually transfer the ownership of one thing for the ownership of another neither thing or both things being money only, the transaction is called an “exchange".
Detailed explanation-3: -The Law of Transfer of property act includes regulations for the transfer of both movable and immovable property. The term ‘transfer’ in the act basically involves transfer through a mortgage, exchange, gift, sale, actionable claim or lease.
Detailed explanation-4: -Easement is an incident of ownership, it is a right attached with the property and has no independent existence. Hence it cannot be transferred. It says that an interest in property restricted in its enjoyment to the owner personally cannot be transferred by him.