1922 (1) TMI 5

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....o be admitted that, if the bargain was to receive the land in discharge of the claim to future maintenance, there was nothing illegal at all; and it is not necessary to say anything further on the subject of gift. By the Transfer of Property Act, Section 9 "A transfer of property may be made without writing in every case in which a writing is not expressly required by law" and, therefore, one has to look" at the rest of the Act to see whether writing has been expressly required by law for such a transaction as this. Apart from the question of gift, the only sections, which it is claimed, could apply are Sections 54 and 118. Section 54 relates to sales, a sale being defined "as a transfer of ownership in exchange for price paid or promised".....

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....onfess that I cannot agree that the mental process gone through of valuing in one's mind the different articles to be exchanged can possibly turn an exchanged transaction into a sale. 3. The remaining section is Section 118 which deals with exchanges. By that section "Exchange" is defined as follows : Where 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", in this transaction the husband transfers the land or the right to use the land during the life time of the wife and the wife gives up her right to future maintenance. It seems to me that there are two reasons why this transaction cannot be an exchange within....