Transfer of Immoveable Property for Consideration by Persons with Distinct Interests

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What is the key condition that affects the transfer of a share or interest in an undivided family's dwelling-house?

The transfer must be registered with the local authorities.

The transferee must be a member of the family. (correct)

The transfer must be for consideration.

The transfer must be approved by all family members.

When immovable property is transferred for consideration to two or more persons, and the consideration is paid out of a common fund, how are they entitled to interests in the property?

In accordance with a pre-existing contract between the parties.

In proportion to the shares of the consideration they each advanced. (correct)

Equally, regardless of the shares of the consideration they each advanced.

Based on their respective ownership shares in the common fund.

What is the presumption regarding the interests of parties in an immovable property transferred for consideration, when there is no evidence about their respective interests in the fund or the shares of consideration they advanced?

They are presumed to have equal interests in the property. (correct)

Their interests are presumed to be proportional to the total consideration paid.

Their interests are presumed to be in accordance with a pre-existing contract.

Their interests are presumed to be based on their respective ownership of the common fund.

What is the key requirement for a transferee of a share in an undivided family's dwelling-house to be entitled to joint possession or common enjoyment of the house?

The transferee must be a member of the family. (A) Signup and view all the answers

When immovable property is transferred for consideration to two or more persons, and the consideration is paid out of their respective separate funds, how are they entitled to interests in the property?

In proportion to the shares of the consideration they each advanced. (D) Signup and view all the answers

What is the key factor that determines the respective interests of parties in an immovable property transferred for consideration, when the consideration is paid out of a common fund?

The shares of the consideration they each advanced. (B) Signup and view all the answers

What happens when immoveable property is transferred for consideration by persons with distinct interests?

Transferors are entitled to share in the consideration equally, if their interests were of equal value (B) Signup and view all the answers

In Illustration (a), what shares of mauza Lalpura are A, B, and C respectively entitled to?

A: 1/8, B: 1/16, C: 1/16 (B) Signup and view all the answers

If A's life-interest in mauza Atrali is worth Rs. 600 and the reversion is worth Rs. 400, how much should A receive out of the Rs. 1,000 from selling the mauza?

Rs. 600 (A) Signup and view all the answers

When several co-owners of immoveable property transfer a share without specifying any particular shares, how does the transfer take effect?

Equally among the co-owners if their shares were equal (C) Signup and view all the answers

What entitlement do B and C have from selling mauza Atrali for Rs. 1,000 if A's life-interest is worth Rs. 600?

B and C should receive Rs. 400 each (B) Signup and view all the answers

If a transfer of property among co-owners takes effect equally, what determines how the shares are divided?

% of ownership they hold in the property (B) Signup and view all the answers

What is the scenario described in the given text?

A owns an eight-anna share, while B and C each own a four-anna share in mauza Sultanpur, and they transfer a two-anna share to D. (A) Signup and view all the answers

How is the transfer of the two-anna share from A, B, and C to D effected?

One-anna share is taken from A's share, and half-an-anna share is taken from both B and C's shares. (A) Signup and view all the answers

According to the given text, what is the principle governing the priority of rights created by transfer at different times?

Each later created right is subject to the rights previously created, unless there is a special contract or reservation binding the earlier transferees. (C) Signup and view all the answers

If immovable property is transferred for consideration and is insured against loss or damage by fire, what right does the transferee have in case of such loss or damage, according to the given text?

The transferee can require the transferor to use the insurance money to reinstate the property, in the absence of a contract to the contrary. (C) Signup and view all the answers

In the scenario described in the text, what is the total share owned by A, B, and C in mauza Sultanpur before the transfer?

16 annas (D) Signup and view all the answers

What type of agreement is mentioned in the text that can override the principle of priority of rights created by transfer?

Both a special contract and a reservation binding the earlier transferees (C) Signup and view all the answers