Section
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 property by sale.
The Transfer of Property Act, 1872
Judgement(s) Found in :
The Transfer of Property Act, 1872
Section 118