Section 122 of the Transfer of Property Act, 1882 deals with which of the following kinds of gift,…
Section 122 governs an inter-vivos gift: a voluntary transfer by a living donor, without consideration, accepted during the donor’s lifetime and capacity. A will operates on…
Choose your answer
Section 122 of the Transfer of Property Act, 1882 deals with which of the following kinds of gift, namely:
Answer and explanation
Correct answer A
Section 122 governs an inter-vivos gift: a voluntary transfer by a living donor, without consideration, accepted during the donor’s lifetime and capacity. A will operates on death, and section 129 separately saves movable gifts in contemplation of death from the chapter’s rules.
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