Sec 118 0f transfer of property act

Anupam Dwivedi (Querist) 05 November 2011 This query is : Resolved
when money attached in exchange then that exchange is valid exchange ?

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Rajeev Kumar (Expert) 05 November 2011
If the parties intended to make an exchange of properties, the mere fact that a small sum of money was paid by one to another by way of adjusting the values would not alter the nature of the transaction as an exchange. SO where money attached in exchange is a valid exchange.

prabhakar singh (Expert) 06 November 2011
yes!still valid.rightly opined by Expert : Rajeev Kumar

Shailesh Kumar Shah (Expert) 07 November 2011
Yes, rightly answered by Mr. Rajeev Kumar.

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