A bequeaths to B "10,000 rupees of my property now invested in shares of the East Indian Railway…
The Illustration to section 143 holds that "No one of these legacies is specific". Under section 143, where a certain sum is bequeathed, the legacy is not specific "merely…
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A bequeaths to B "10,000 rupees of my property now invested in shares of the East Indian Railway Company". Is this a specific legacy?
Answer and explanation
Correct answer B
The Illustration to section 143 holds that "No one of these legacies is specific". Under section 143, where a certain sum is bequeathed, the legacy is not specific "merely because the stock, funds or securities in which it is invested are described in the will". The description identifies where the money now lies, not a particular thing given.