RECONSTRUCTION 1865 1877
HOMESTEAD ACT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Homestead Act
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Timber Culture Act
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Pre-emotion Act
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Buying out
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Detailed explanation-1: -An immovable property owner has the legal right to purchase another immovable property that has been sold to another party. The owner of an immovable property has the right to repurchase a neighbouring property sold to another party. This is called pre-emption.
Detailed explanation-2: -A pre-emption right, right of pre-emption, or first option to buy is a contractual right to acquire certain property newly coming into existence before it can be offered to any other person or entity. It comes from the Latin verb emo, emere, emi, emptum, to buy or purchase, plus the inseparable preposition pre, before.
Detailed explanation-3: -The right given to the Class I legal heir mentioned in the Schedule to the Hindu Succession Act is a right of pre-emption or preferential right to claim sale proposed to be made by other heir or heirs.
Detailed explanation-4: -Under the Mahomedan law, only three classes of persons are entitled to claim pre-emption viz., (1) a co-sharer in the property (shafi-i-sharik); (2) a participator in immunities and appendages, such as a right of way or a right to discharge water (shafi-i-khalit);