A bequeaths to B "my promissory notes of the Central Government for 10,000 rupees in their 4 per cent.…
The Illustration to section 158 holds that "The legacies are adeemed". Section 158 provides that where stock specifically bequeathed does not exist at the testator's death,…
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A bequeaths to B "my promissory notes of the Central Government for 10,000 rupees in their 4 per cent. loan". A later sells the notes and dies. What is B's position?
Answer and explanation
Correct answer B
The Illustration to section 158 holds that "The legacies are adeemed". Section 158 provides that where stock specifically bequeathed does not exist at the testator's death, the legacy is adeemed. The words "my promissory notes" make the gift specific, so B has no claim to their price or replacement.