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A gives a lakh of rupees to B, reserving to himself, with B's assent, the right to take back at…

A gift with a reserved power to take back at the donor's pleasure is void as to that part; per the illustration to s.126, the gift of Rs.10,000 "is void", not "is valid" or…

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A gives a lakh of rupees to B, reserving to himself, with B's assent, the right to take back at pleasure Rs. 10,000 out of the lakh. The gift in respect of Rs. 10,000.

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Correct answer B

A gift with a reserved power to take back at the donor's pleasure is void as to that part; per the illustration to s.126, the gift of Rs.10,000 "is void", not "is valid" or "is voidable".

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