संपत्तीचे हस्तांतरण करणारी कोणती पद्धत ही मालमत्ता हस्तांतरण अधिनियम, १८८२ च्या कलम ५ मध्ये मान्य केलेली नाही ?
अ. तारण
ब. विक्री
क. वारसा

The correct answer is Option C (Only c).

Key Points:
• Section 5 of Transfer of Property Act, 1882 - 'Transfer of Property' Defined:
• Section 5 defines 'Transfer of property' as:
• "An act by which a living person conveys property, in present or in future, to one or more other living persons, or to himself, or to himself and one or more other living persons; and 'to transfer property' is to perform such act."
• Inter Vivos Transfer: The Transfer of Property Act strictly applies to transfers between living persons (*inter vivos*), which include Sale (विक्री - Section 54), Mortgage (तारण/गहाण - Section 58), Lease (भाडेपट्टा), Exchange (अदलाबदल), and Gift (दान).
• Succession / Inheritance (वारसा): Succession takes place by operation of law upon the death of an individual (testamentary or intestate succession). It is NOT an *inter vivos* transfer of property under Section 5 and is governed by Indian Succession Act, Hindu Succession Act, or Muslim Personal Law.
• Succession is not a transfer under Section 5 (Only c - Option 3).
• Key Takeaway: Section 5 of TPA applies only to transfers between living persons (inter vivos); succession occurs by operation of law and is excluded.