“Exchange” defined
Section 118 of the Transfer of Property Act, 1882 deals with “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". The Act came into force on 01 Jul 1882.
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 property by sale.]
Section 118, The Transfer of Property Act, 1882 (Act 4 of 1882).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Related judgements & precedents
These are some judgments that construed this section, and hold precedence value. They hold authority on how to read, interpret and use this section.
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Ramankutty vs Krishnan
Court's Decision & Legal Precedent
An agreement for exchange of properties is a valid executory contract specifically enforceable under Section 10 of the Specific Relief Act, identical to a contract for sale.
On this section: Definition of Exchange as mutual transfer of ownership of things.
The holding above is the ratio decidendi as extracted from the judgment by eCourts India, reproduced unaltered — it is a rendering of the court's reasoning, not a substitute for its words. Read the order itself before relying on it.
Judgments citing this section
These may be obiter dicta or a precedent, for you to study. These are the judgments where this section is quoted.
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… That, it would be an incongruous proposition for the Appellants" mother to exchange one plot of the Appellants" land with another that belonged to them. Drawing strength from Section 54 and Section 118 of the Transfer of Property Act, 1882 (hereinafter, the "TP Act"), it was urged that both provisions are to be read in consonance with each other which demonstrates that no "Exchange" as envisaged by Law has taken place. It was next urged that Section 52 of the Indian 1 (2008) 4 SCC 451 Easements Act, 1882 …
Questions about Section 118
What have the courts held on Section 118 of the Transfer of Property Act?
Ramankutty vs Krishnan (05 Jun 2014) is the leading judgment on this section among those set out below: Definition of Exchange as mutual transfer of ownership of things.
How do I find court cases under Section 118 of the Transfer of Property Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: TP Act 118, section 118 TP Act, section 118 of the Transfer of Property Act. People searching for it also type tampa 118. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome. 1 reported judgment on this section is set out on this page, beginning with Ramankutty vs Krishnan (05 Jun 2014).
What should I read with Section 118 of the Transfer of Property Act, and has it changed?
1 other provision in this corpus refers back to it.
When did Section 118 of the Transfer of Property Act come into force?
Section 118 of the Transfer of Property Act, cited as TP Act 118, came into force on 01 Jul 1882, having been enacted on 17 Feb 1882. It is in force as at the date shown on this page.
Other sections of this Act
- 55. Rights and liabilities of buyer and seller1096 words
- 108. Rights and liabilities of lessor and lessee1030 words
- 69A. Appointment of receiver892 words
- 3. Interpretation-clause658 words
- 35. Election when necessary614 words
- 58. Mortgage , mortgagor , mortgagee , mortgage-money and mortgage- deed defined554 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 14 Oct 2026. This page is not a substitute for legal advice.