Chapter Exam

Chapter-5 Law of Property — Online MCQ Test

Q: Which of the following is NOT a mode of transfer of property?

Answer: C. Theft — Theft is an illegal act and not a valid mode of property transfer recognized under the Transfer of Property Act; sale, lease, exchange, and gift are valid modes.

LEGAL STUDIES · Grade 12 · CBSE(NCERT)

Practice Chapter-5 Law of Property with a free chapter-wise online MCQ test for CBSE(NCERT) Grade 12 LEGAL STUDIES. This chapter covers: property law - transfer of property - sale - lease - exchange - gift. AI-generated questions from basic to board-exam level, with instant results and explanations.

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Chapter-5 Law of Property — Important Questions & Answers (FAQ)

Frequently asked questions from CBSE(NCERT) Grade 12 LEGAL STUDIES — Chapter-5 Law of Property, with answers and explanations. These are sample questions; the exam has its own separate question set.

Under the Transfer of Property Act, 1882, what is the definition of 'property'?

A. Only movable assets like cash and jewelry
B. Land, benefits arising out of land, and things attached to earth or permanently fastened to things attached to earth ✓
C. Only immovable assets like buildings
D. Rights and liabilities of a person

Answer: B. Land, benefits arising out of land, and things attached to earth or permanently fastened to things attached to earth
Section 3 of the Transfer of Property Act defines property as land, benefits arising out of land, and things attached to earth, covering both movable and immovable property comprehensively.

What is the primary purpose of a 'sale' under the Transfer of Property Act?

A. To temporarily use property for a fixed period
B. To transfer ownership of property from one person to another for a price ✓
C. To allow someone to use property without owning it
D. To create a legal relationship between family members

Answer: B. To transfer ownership of property from one person to another for a price
Section 54 defines sale as the transfer of ownership of property from one person to another for a price, making it the fundamental characteristic of a sale.

Which of the following is NOT a mode of transfer of property?

A. Sale
B. Lease
C. Theft ✓
D. Gift

Answer: C. Theft
Theft is an illegal act and not a valid mode of property transfer recognized under the Transfer of Property Act; sale, lease, exchange, and gift are valid modes.

Compare a 'sale' and an 'exchange': Which statement is correct?

A. Both involve transfer of property for a price
B. Sale involves one-way transfer for price; exchange involves mutual transfer of properties ✓
C. Exchange requires registration but sale does not
D. Sale is always oral while exchange must be in writing

Answer: B. Sale involves one-way transfer for price; exchange involves mutual transfer of properties
The key distinction is that sale involves unilateral transfer of property for money consideration, while exchange involves bilateral transfer of two properties between parties.

A donor gifts property to a donee, but the gift deed contains a condition that the donee must pay Rs. 10 lakhs to the donor within 1 year. What is the legal status of this gift?

A. The gift is valid as conditions can be attached to gifts
B. The gift is void as it includes consideration, making it a sale, not a gift ✓
C. The gift is voidable at the option of either party
D. The gift is valid only if registered before the 1-year period

Answer: B. The gift is void as it includes consideration, making it a sale, not a gift
A gift must be without consideration; if the donee is required to pay money to the donor, it introduces consideration and converts the transaction into a sale, invalidating it as a gift.

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