Transfer Of Property Act - Study Mode
[#551] Under section 16 of the Transfer of Property Act, 1882 where an interest created for the benefit of a person or class of persons fails then:
Correct Answer
(A) Any interest created in the same transaction intended to take effect after or upon failure of such prior interest also fails
[#552] Gift is defined in which section of the Transfer of properly Act, 1882:-
Correct Answer
(C) Section 122
[#553] Which of the following is a valid example of contingent interest as defined by the Transfer of Property Act, 1882?
Correct Answer
(B) B made a gift of Rs. 15,000 to A, deposited in an account to be transferred to A when he attains age of majority
[#554] Which of the following is not correctly matched under Transfer of Property Act? (1) Universal donee - Section 128 (2) Doctrine of Part Performance - Section 53A (3) Marshalling by subsequent purchaser - Section 65 (4) Mortgagee's right to foreclosure or sale - Section 67 Choose the right answer:
Correct Answer
(C) Only (3)
[#555] A gives a lakh of rupees to B, reserving to himself, with B's assent, the right to take back Rs. 10,000 at pleasure out of that amount. This gift is-
Correct Answer
(D) Holds good as to Rs. 90,000 but it is void as to Rs. 10,000