Correct option is C
The
Transfer of Property Act, 1882 discusses various forms of notice, such as
actual notice,
implied notice, and
imputed notice. However, the concept of "notice in transaction" is not recognized or explicitly mentioned under the Act.
Explanation:
1.
Actual Notice: This refers to the direct knowledge or awareness of a fact by a person.
Section 3 of the Transfer of Property Act defines
actual notice as knowledge of a fact that is explicitly communicated or comes to a person's attention.
2.
Implied Notice:
Implied notice refers to knowledge that can be inferred from circumstances. It arises when a person, after conducting reasonable inquiries, should have known of certain facts.
3.
Imputed Notice:
Imputed notice is when a person is deemed to have knowledge of a fact because their agent or representative has the information, even if it is not directly communicated to them. The law assumes that the agent’s knowledge is the principal’s knowledge.
4.
Notice in transaction: This is
not a recognized type of notice under the
Transfer of Property Act, 1882. The Act does not define or deal with this form of notice.
