A' makes a gift of Rs. 50,000 to 'B', A reserves right with B's consent to take back at pleasure Rs. 10,000 out of Rs. 50,000
A. Gift is void
B. Gift is valid
C. Gift is valid upto Rs. 40,000 and void as to taking back Rs. 10,000
D. Gift is voidable
Answer: Option B

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