Under Transfer of Property Act where two or more persons mutually transfer the ownership of one thing for the ownership of another, neither thing or both things being money only, the transfer is called
Verified Answer
A. A transfer
B. An exchange
C. A lease
D. An eviction
Explanation:
Section 118 of the Transfer of Property Act, 1882, defines "exchange" as when two persons mutually transfer the ownership of one thing for the ownership of another, neither thing or both things being money only.