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A holds a lease of a house for a term of years at a rent higher than the house can be let for. He gives…

Illustration (b) to section 127 holds that B "does not by his refusal forfeit the money". Where a gift takes the form of two or more "separate and independent transfers" to…

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A holds a lease of a house for a term of years at a rent higher than the house can be let for. He gives B the lease and also, as a separate and independent transaction, a sum of money. B refuses to accept the lease. What happens to the gift of money?

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Correct answer B

Illustration (b) to section 127 holds that B "does not by his refusal forfeit the money". Where a gift takes the form of two or more "separate and independent transfers" to the same person, the donee may accept one and refuse the others, "although the former may be beneficial and the latter onerous". The all-or-nothing rule of the first paragraph of section 127 applies only to a single transfer of several things.

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