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?
A. Gift is valid
B. Gift is void
C. Gift is voidable
D. Gift is valid up to Rs. 50,000
Answer: Option D
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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