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'A' settled property in favour of 'B' authorizing him to collect rent of his house. The interest…

Under section 19 of the Transfer of Property Act, an interest is vested when it is created in favour of a person without making its taking effect depend on any uncertain…

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'A' settled property in favour of 'B' authorizing him to collect rent of his house. The interest created in favour of 'B' is:

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Correct answer A

Under section 19 of the Transfer of Property Act, an interest is vested when it is created in favour of a person without making its taking effect depend on any uncertain event. A settlement of property in B's favour that authorises him to collect the rent gives him an immediate interest, so it is a "Vested interest"; it is not contingent because no uncertain event is named. The authority to collect the rent is a mode of enjoyment, not a condition.

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