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Under the Transfer of Property Act, 1882, A gives a lakh of rupees to B, reserving to himself, with B's…

Section 126 illustration (b) states that the gift "holds good as to Rs. 90,000". The Rs. 10,000 recoverable at the donor's pleasure continues to belong to him, so the…

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Under the Transfer of Property Act, 1882, A gives a lakh of rupees to B, reserving to himself, with B's assent, the right to take back Rs. 10,000 at pleasure out of that amount. This gift is:

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Correct answer D

Section 126 illustration (b) states that the gift "holds good as to Rs. 90,000". The Rs. 10,000 recoverable at the donor's pleasure continues to belong to him, so the reservation does not defeat the remaining gift.

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