Question
Legal Studies Question on Property Law
Following is not true about the sale and exchange
A
A transfer of property by exchange can be made in the same manner as is applicable to sale.
B
Exchange is a natural incident of property, there is no need to enter into a contract for that purpose.
C
Money may be added to anything which is exchanged to equalise the values of properties in exchange.
D
Each party has similar rights and liabilities as that of a seller and a buyer.
Answer
Exchange is a natural incident of property, there is no need to enter into a contract for that purpose.
Explanation
Solution
The correct option is (B): Exchange is a natural incident of property, there is no need to enter into a contract for that purpose.