A gifts Rs. 5 lakh to B, reserving to himself, with B's assent, the right to take back at leisure Rs. 1 lakh. Which one of the following is correct?
A. The gift is void in its entirety
B. The gift is valid upto Rs. 4 lakh
C. The gift is said to be revoked
D. The gift takes effect after A's life time
Answer: Option B
This Question Belongs to Law >> Transfer Of Property Act
Related Questions on Transfer of Property Act
A. Section 13
B. Section 14
C. Section 15
D. Section 16
Case of "Raj Kumar Kundu v. Mcqueen" is related to
A. Lis pendens
B. Part performance
C. Mortgage
D. Ostensible owner
A. Transfer by ostensible owner of the property for consideration
B. Transfer by owner of the property in which a widowhas life interest for maintenance
C. Both A and B
D. Neither A nor B
Which property cannot be transferred?
A. A public office
B. A mere chance to succeed
C. A mere right of re-entry
D. All of the above
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