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Under section 122 of the Transfer of Property Act, 1882, which pair consists entirely of property the…

Section 122 covers existing property, whether movable or immovable. The bicycle and house already owned meet that requirement. Expected acquisitions do not qualify. Under…

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Under section 122 of the Transfer of Property Act, 1882, which pair consists entirely of property the donor can give now, assuming all other legal requirements are satisfied?

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Answer and explanation

Correct answer C

Section 122 covers existing property, whether movable or immovable. The bicycle and house already owned meet that requirement. Expected acquisitions do not qualify. Under section 124, a gift that includes existing and future property is void as to the future property.

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Option A

The bicycle is existing movable property the donor owns. The expected inheritance is a future acquisition.

Option B

The house is existing immovable property the donor owns. The bicycle the donor expects to buy is a future acquisition.

Option C

Both items are existing property the donor owns. The bicycle is movable and the house is immovable.

Option D

Both items are future acquisitions from the donor’s perspective.

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