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Kiran gives Meera ₹70,000 with her consent to a term allowing Kiran to take back ₹20,000 whenever Kiran…

A gift agreed to be revocable at the donor’s mere will is void to that extent under section 126. The reservation covers ₹20,000, so the gift of the remaining ₹50,000 stands.

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Kiran gives Meera ₹70,000 with her consent to a term allowing Kiran to take back ₹20,000 whenever Kiran wishes. What is the effect of the term under section 126 of the Transfer of Property Act, 1882?

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Answer and explanation

Correct answer A

A gift agreed to be revocable at the donor’s mere will is void to that extent under section 126.

The reservation covers ₹20,000, so the gift of the remaining ₹50,000 stands.

Option feedback

Option A

The amount subject to Kiran’s mere will is void. The unaffected balance is ₹50,000.

Option B

Section 126 invalidates the reserved part of the gift itself.

Option C

The statute invalidates the gift only to the extent of the reservation.

Option D

The reserved ₹20,000 is void from the outset under section 126.

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