A bequeaths to B "the sum of 500 rupees monthly". The will says nothing more about duration. What is B…
Illustration (ii) to section 173 holds that "B is entitled during his life to receive the sum of 500 rupees every month". A monthly payment is an annuity, and section 173…
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A bequeaths to B "the sum of 500 rupees monthly". The will says nothing more about duration. What is B entitled to?
Answer and explanation
Correct answer C
Illustration (ii) to section 173 holds that "B is entitled during his life to receive the sum of 500 rupees every month". A monthly payment is an annuity, and section 173 makes an annuity created by will last for the legatee's life only unless the will shows otherwise. It does not pass to B's heirs.