The principle of Section 17 of the Transfer of Property Act is based on which one of the following cases?
Thellusson v Woodford concerned a will directing prolonged accumulation of income; the reported judgment upheld its trusts, and the ensuing controversy led to statutory…
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The principle of Section 17 of the Transfer of Property Act is based on which one of the following cases?
Answer and explanation
Correct answer C
Thellusson v Woodford concerned a will directing prolonged accumulation of income; the reported judgment upheld its trusts, and the ensuing controversy led to statutory restrictions on accumulations. TPA section 17 embodies the Indian rule limiting such directions, generally to the longer of the transferor’s life or eighteen years, with its stated exceptions. The case is the historical association asked for, rather than a decision interpreting the Indian Act.
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