Discussion
A gift of future property is
Answer: C
A gift of future property is Void.
Section 122 defines a gift as a transfer of existing movable or immovable property, and Section 124 of the Transfer of Property Act says that a gift comprising both existing and future property is void as to the latter. A donor cannot give what he does not yet own.
It is not voidable, which would mean valid until one party chose to avoid it, nor merely irregular, and it is certainly not valid.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development