The Transfer of Property Act, 1882
Chapter-VI Of Exchanges
Section 120: Rights and liabilities of parties.
120. Save as otherwise provided in this Chapter, each party has the rights and is subject to the liabilities of a seller as to that which he gives, and the rights and is subject to the liabilities of a buyer as to that which he takes.
Disclaimer: Please refer Bare Act for original contents. Click here to access All Acts