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Section 575
Considered to be a nasal contract:

(1) A contract shall be deemed to be concluded when a person returns any thing to another person or allows him to keep any thing to be transferred or sold to another person as per his choice. Movable property and rights in such property should also be mentioned.
(2) If an item worth more than twenty-five thousand rupees is kept during the contract according to sub-section (1), it must be written.