Under Section 121 of the Transfer of Property Act, 1882 (Exchange of Money), what is the statutory warranty?

Each party warrants the genuineness of the money given by him

Under the Transfer of Property Act, 1882, "Charge" (Section 100) and "Exchange" (Section 118) are classified as:

Transfers of Property / Property rights

Right of Government to collect taxes

Regarding consideration in an Exchange under Section 118 of TPA, which proposition is legally correct?

There is consideration (ownership of transferred property serves as mutual consideration)

There is no transfer of property

Which section of the Transfer of Property Act, 1882 contains a wrong pair for Exchange of Money?

Direction for accumulation — Section 17

Mortgagor power to lease — Section 65A

Transfer by one co-owner — Section 44

Exchange of money — Section 120

📖 Transfer of Property Act (TPA)•🎯 9 Practice MCQs

Chapter VI: Of Exchanges (Sections 118–121)

Chapter-wise objective questions with statutory bare act articles, landmark Supreme Court case laws, and past judicial service citations.

Section 121Exchange of MoneyWarrantyChargeExchangeProperty RightsSection 118DefinitionExchange DefinitionConsiderationExchange with Money AdjustmentTPA Scope

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Chapter VI: Of Exchanges (Sections 118–121) • 9 Questions

📚 Chapter Practice Coverage

This practice module for Chapter VI: Of Exchanges (Sections 118–121) contains 9 Multiple Choice Questions tailored for State Judicial Service Preliminary Examinations (including UP PCS-J, Delhi Judicial Service, Bihar Judiciary, MP Judiciary, Rajasthan Judicial Service), CLAT LL.M, All India Bar Examination (AIBE), and UGC-NET Law.

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