"Exchange" defined.
- When two persons mutually transfer the ownership of one thing for the ownership of another, neither thing nor 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.Disclaimer: This section is reproduced for general informational and reference purposes only. Always verify against the latest official gazette and consult a qualified advocate before relying on any provision.