lawbeings

                            Introduction Sale is a transfer of ownership in exchange for a price paid or promised or part paid and part promised. And it is essential that there must be atleast 2  parties to execute a sale one is buyer & other is seller  and in the execution of sale there are certain Rights and Liabilities of buyer and seller under section 55 of The Transfer of Property Act,1882 in transfer of immovable property :- 1. The Liabilities of seller before completion of the sale are: Seller Is Bound  (a). To disclose material defect in the property or in the seller's title thereto which the buyer in ordinary care could not discover ie latent defects for examples defect in title, an underground drain are latent defects and if the buyer does not know of its existence the seller is duty bound to inform him its existence. (b). To produce title deeds which are under seller's possession re...