Transfer Of Property Act - Study Mode

[#121] A make a gift of Rs. 80,000 to B, but A reserves right with B's consent to take back at pleasure Rs. 30,000. What will be legal status of gift?
Correct Answer

(D) Gift is valid up to Rs. 50,000

[#122] Which of the following cannot be transferred under the Transfer of Property Act, 1882?
Correct Answer

(B) Spec succession

[#123] Which one of the following is not immovable property?
Correct Answer

(C) Standing timbers

[#124] Under the provisions of section 40 of the Transfer of Property Act, 1882, the right referred to in First Paragraph of this section refers to:
Correct Answer

(A) Right of transferer as against purchase from a transferee to restrain the breach of a negative covenant

[#125] Lis pendence is a principle in
Correct Answer

(C) Transfer of Property Act