Correct option is C
Under the Transfer of Property Act, 1882, a
sale refers to the transfer of ownership in exchange for a price paid or promised. In a sale, the transferor completely gives up their ownership rights, and the transferee becomes the absolute owner of the property.
Information Booster: A
sale is the most common form of transfer of property, and it involves the absolute transfer of all rights in the property from the seller (transferor) to the buyer (transferee). The sale deed is the legal document that formalizes this transfer.
Additional Information:
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(a) An interest in a specific immovable property: Incorrect because a sale is not just the transfer of an interest but the complete transfer of ownership.
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(b) A right to enjoy immovable property: Incorrect as this option refers more to leases or licenses rather than sales, which involve ownership transfer.
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(d) None of the above: Incorrect because the correct answer is ownership transfer under a sale.
