Transfer of Property Act, 1882 · Chapter VI: Of Exchanges
Section 121: Exchange of money
In plain words
In an exchange of money, each party guarantees that the money they give is genuine.
A simplified explanation, prepared with AI assistance from the official text below and checked automatically against it for numbers and cross-references. The official text is the law and prevails over this summary. Not legal advice.
Official text
On an exchange of money, each party thereby warrants the genuineness of the money given by him.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 121
No Supreme Court judgment in our database cites this section yet.