A bequeaths an annuity of 500 rupees to B for life, and on B's death to C. C survives B. What is C…
Illustration (iii) to section 173 holds that "C, if he survives B, is entitled to an annuity of 500 rupees from B's death until his own death". Under section 173 each…
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A bequeaths an annuity of 500 rupees to B for life, and on B's death to C. C survives B. What is C entitled to?
Answer and explanation
Correct answer C
Illustration (iii) to section 173 holds that "C, if he survives B, is entitled to an annuity of 500 rupees from B's death until his own death". Under section 173 each annuitant takes for life only, unless a contrary intention appears. The gift to C is therefore a second life annuity, not a perpetual one.