A, ill and expecting to die, delivers to B, to keep in case of A's death, a bond granted by C to A. A…
Illustration (i) to section 191 holds that B is entitled to "the debt secured by C's bond". Section 191 allows a person who is ill and expects to die to give moveable…
Choose your answer
A, ill and expecting to die, delivers to B, to keep in case of A's death, a bond granted by C to A. A dies of that illness. What is B entitled to?
Answer and explanation
Correct answer B
Illustration (i) to section 191 holds that B is entitled to "the debt secured by C's bond". Section 191 allows a person who is ill and expects to die to give moveable property by delivering possession to be kept as a gift if he dies of that illness. Delivery of the bond passes the debt it secures; no separate written transfer is required.