Section 121: Exchange of money

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1. 1. Consider the following statements under the Transfer of Property Act, 1882: 1. On an exchange of money, each party warrants the genuineness of the money given by him. 2. A party deprived of the thing received in exchange by reason of a defect in the other party's title can recover the thing he gave even from a person to whom the other party transferred it for consideration. 3. Save as otherwise provided in Chapter VI, each party to an exchange has the rights and liabilities of a seller as to what he gives and of a buyer as to what he takes. Which of the statements given above is/are correct?

   A.2 and 3 onlyB.1 and 2 onlyC.1, 2 and 3D.1 and 3 only
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