Principle: Where there is transfer of ownership of one thing for the ownership of some otherthing it is called exchange; while transfer of ownership for consideration of money is called sale,whereas, without consideration it becomes gift.Facts: „A? transfers his house worth ? 50 Lakhs to „B? for a shopping building worth the sameamount, as consideration, from „B?.

Principle: Where there is transfer of ownership of one thing for the o

1.	Principle: Where there is transfer of ownership of one thing for the ownership of some otherthing it is called exchange; while transfer of ownership for consideration of money is called sale,whereas, without consideration it becomes gift.Facts: „A? transfers his house worth ? 50 Lakhs to „B? for a shopping building worth the sameamount, as consideration, from „B?.
A.	The transaction is a gift
B.	The transaction is a sale i
C.	The transaction is an exchange
D.	The transaction is a mortgage
Answer» D. The transaction is a mortgage