Section 118: “Exchange” defined.

The Transfer of Property Act, 1882Central Act · Act 4 of 1882

When two persons mutually transfer the ownership of one thing for the ownership of another neither thing or both things being money only, the transaction is called an "exchange".

A transfer of property in completion of an exchange can be made only in manner provided for the transfer of such property by sale.]

Where this provision sits

Act	The Transfer of Property Act, 1882
Section	118
Marginal note	“Exchange” defined.
Jurisdiction	Central
Status	In force as published by the source

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