TPA Section 118: "Exchange" defined
Transfer of Property Act, 1882 · Chapter 6: Exchanges
Read the chapter guide and take the quiz →
Also available in: हिंदी
118. “Exchange” defined.—When two persons mutually transfer the ownership of one thing for the ownership of another , neither thing or both things being money only, the transaction is called an “exchange”. A transfer of property in completion of an exchange can be made only in manner provided for the transfer of such pr operty by sale.
Official reference: Government of India reference, hosted by Andhra Pradesh High Court — checked: 30 September 2026.Central reference text reproduced from the linked government PDF, with footnotes and separately labelled state amendments left in the original. It includes the 2001/2003 changes and the 2019 territorial-extension note. The checking date is not a certification that every state rule is current. Consult the original schedule, territorial notifications and applicable state law separately.Read the original schedule and amendment notes
This text is for reference, not legal advice. Consult the official source for the authoritative text.