A man gifts his property to a temple, subject to the condition of the death of his wife. What is…
Under Section 19 of the Transfer of Property Act, 1882, since the death of a living person (the donor's wife) is a certain event that must happen, an interest created to…
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A man gifts his property to a temple, subject to the condition of the death of his wife. What is created by the transaction ?
Answer and explanation
Correct answer C
Under Section 19 of the Transfer of Property Act, 1882, since the death of a living person (the donor's wife) is a certain event that must happen, an interest created to take effect upon her death is a 'Vested interest' (postponed only in enjoyment), not a contingent interest.
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