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Under the Transfer of Property Act, 1882, how is a voluntary transfer of existing immovable property…

Section 122 defines a gift as a voluntary transfer of existing movable or immovable property without consideration, accepted by or on behalf of the donee during the donor’s…

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Under the Transfer of Property Act, 1882, how is a voluntary transfer of existing immovable property without consideration classified when the transferee accepts it during the transferor’s lifetime while the transferor remains capable of giving?

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Correct answer D

Section 122 defines a gift as a voluntary transfer of existing movable or immovable property without consideration, accepted by or on behalf of the donee during the donor’s lifetime while the donor can still give.

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Option A

A lease transfers a right to enjoy immovable property on the terms described in section 105.

Option B

A mortgage transfers an interest in specific immovable property as security under section 58(a).

Option C

A pledge is bailment of goods as security under section 172 of the Indian Contract Act, 1872.

Option D

Section 122 defines a gift as a voluntary transfer of existing property without consideration, accepted by or on behalf of the donee.

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