partition
gift
sale
None of these
Answer is Right!
Answer is Wrong!
The correct answer is (c).
Exchange is a contract whereby the parties agree to transfer the ownership of certain properties to each other. The properties that are being exchanged must be of equal value.
Partition is the division of a property among co-owners.
Gift is a transfer of property without consideration.
Sale is a transfer of property for a consideration.
In exchange, the parties agree to transfer the ownership of certain properties to each other. The properties that are being exchanged must be of equal value. This is different from partition, where the property is divided among co-owners. In gift, the transfer of property is without consideration, while in sale, the transfer of property is for a consideration.