Transfer Of Property Act MCQ question and answer

41

A' owing half share and 'B' and 'C' each a quarter share of mauza Sultan pur exchange one-eighth share of that mauza for a quarter share of mauza Lalpura. There being no agreement to contrary. 'A' is entitled to an eighth share in Lalpura and 'B' and 'C' each is entitled to:

A) One-fourth share B) One-eighth share C) One-half share D) One-sixteenth share

Discuss

Answer & Solution

Answer: Option D

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42

The transfer of 'spes successionis' under the Transfer of Property Act is

A) Void ab initio B) Voidable C) Perfectly valid D) Valid only if approved by the court

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Answer & Solution

Answer: Option A

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43

Under Transfer of Property Act which Property may be transferred?

A) A mere right to sue B) Public Office C) The chance of an heir-apparent succeeding to an estate D) Any property transfer of which is not barred by law

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Answer & Solution

Answer: Option D

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44

A' in lieu of debt from 'B' handovers the possession of his house to 'B' with a covenant to transfer of property in favour of 'B', but with provision for retransfer in case of repayment of debt. This type of mortgage is known as:

A) Equitable mortgage B) English mortgage C) Usufructuary mortgage D) Mortgage by conditional sale

Discuss

Answer & Solution

Answer: Option B

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45

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:

A) Any interest created in the same transaction intended to take effect after or upon failure of such prior interest also fails B) Any interest created in the same transaction and intended to take effect after or upon failure of such prior interest does not fail C) Such failure does not affect D) None of the above

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Answer & Solution

Answer: Option A

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46

Gift is defined in which section of the Transfer of properly Act, 1882:-

A) Section 11 B) Section 106 C) Section 122 D) Section 25

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Answer & Solution

Answer: Option C

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47

Which of the following is a valid example of contingent interest as defined by the Transfer of Property Act, 1882?

A) B gifted his property to his daughter-in-law, with a condition that the possession of the property will transfer to her only after B's death 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 C) Both A and B D) Neither A nor B

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Answer & Solution

Answer: Option B

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48

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:

A) Only (1) B) Both (1) and (2) C) Only (3) D) Both (3) and (4)

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Answer & Solution

Answer: Option C

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49

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-

A) Absolutely valid B) Absolutely invalid C) This cannot be said to a gift D) Holds good as to Rs. 90,000 but it is void as to Rs. 10,000

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Answer & Solution

Answer: Option D

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50

Transfer of property means:

A) Transfer between living beings B) Transfer between living person and trust C) Transfer between legal persons D) Includes all

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Answer & Solution

Answer: Option D

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Transfer Of Property Act MCQ question and answer | Law MCQ question