Showing posts with label conditional transfer. Show all posts
Showing posts with label conditional transfer. Show all posts

Wednesday, 4 December 2019

Questions and answers on law part 5

1) Q. What is transfer by ostensible owner ?

A. Section 41 in The Transfer of Property Act, 1882
41. Transfer by ostensible owner.—Where, with the consent, express or implied, of the persons interested in immoveable property, a person is the ostensible owner of such property and transfers the same for consideration, the transfer shall not be voidable on the ground that the transferor was not authorised to make it: provided that the transferee, after taking reasonable care to ascertain that the transferor had power to make the transfer, has acted in good faith.

2) What is vested interest ?

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