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
Answer: Option B
This Question Belongs to Law >> 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
Join The Discussion