SALE
Definition of Sale (Sec. 54, TPA)
“Sale” is a transfer of ownership in exchange for a price paid or promised, or part-paid and part promised.
𝗝𝘂𝗱𝗶𝗰𝗶𝗮𝗹𝗗𝗿𝗲𝗮𝗺™
𝙰𝙵𝙵𝙾𝚁𝙳𝙰𝙱𝙻𝙴 & 𝙰𝙲𝙲𝙴𝚂𝚂𝙸𝙱𝙻𝙴
TPA
LIS PENDENS
DOCTRINE OF LIS PENDENS
Sec. 52 embodies the doctrine of lis pendens as expressed in the maxim ut lite pendente nibil innoveteur which means nothing new should
CONTINGENT INTEREST
A contingent interest is created in favour of a person to take effect only on the happening or not happening of a specified uncertain event, which may or may not happen.
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VESTED INTEREST
An interest is said to be vested when it is not subject to any condition precedent or when it is to take effect immediately or on the happening of an event which is certain.
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DOCTRINE OF ACCUMULATION
When direction is void (Sec. 17(1))
Sec. 17 of the Transfer of Property Act applies to transfer where the property and the income arising from the property
