A contract of sale under Indian law does not create any proprietary interest or title in the buyer.
It only creates a right in personam to demand the execution of a sale deed.
Step 1: Understanding the Question:
The question requires matching key legal concepts under the Transfer of Property Act, 1882, with their correct characteristics or legal definitions. Step 2: Detailed Explanation:
• Sale (Section 54) and Right in Rem: A sale is a transfer of ownership in exchange for a price.
Since ownership is transferred, it creates a right in rem (a right enforceable against the world at large).
Thus, A matches with II.
• Gift (Section 122) and Transfer without consideration: A gift is defined as the transfer of certain existing movable or immovable property made voluntarily and without consideration.
Thus, B matches with I.
• Contract of Sale (Section 54) and Right in Personam: A contract for the sale of immovable property is a contract that a sale of such property shall take place on terms settled between the parties.
It does not, of itself, create any interest in or charge on such property.
Instead, it merely creates a personal obligation or right in personam (enforceable only against the contracting party).
Thus, C matches with IV.
• Mortgage (Section 58) and Transfer of interest as a security: A mortgage is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced by way of loan.
Thus, D matches with III. Step 3: Final Answer:
Matching the options: A-II, B-I, C-IV, D-III. This corresponds to Option A.
