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Under section 17(1) of the Transfer of Property Act, 1882, which period is the ordinary limit for…

The ordinary limit is the longer of the transferor’s lifetime and eighteen years from the date of transfer. A direction is void to the extent that it exceeds that period,…

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Under section 17(1) of the Transfer of Property Act, 1882, which period is the ordinary limit for directing the accumulation of income from transferred property?

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Answer and explanation

Correct answer B

The ordinary limit is the longer of the transferor’s lifetime and eighteen years from the date of transfer. A direction is void to the extent that it exceeds that period, subject to the statutory exceptions.

Option feedback

Option A

The life-based benchmark is the transferor’s lifetime.

Option B

The statute compares these two periods and takes the longer.

Option C

The limit uses the longer of the two periods.

Option D

The fixed benchmark is eighteen years from the date of transfer.

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