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Under the Transfer of Property Act, 1882, 'A' makes a gift of Rs. 70,000 to 'B'. 'A' reserves right…

Section 126 makes a gift revocable at the donor's mere will "void wholly or in part", as the case requires. Illustration (b) preserves the unreserved portion; here Rs.…

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Under the Transfer of Property Act, 1882, 'A' makes a gift of Rs. 70,000 to 'B'. 'A' reserves right with B's consent to take back at pleasure Rs. 20,000 out of Rs. 70,000:

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Correct answer A

Section 126 makes a gift revocable at the donor's mere will "void wholly or in part", as the case requires. Illustration (b) preserves the unreserved portion; here Rs. 20,000 remains with the donor and the gift of Rs. 50,000 stands.

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