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Under the Transfer of Property Act, 1882, what is the effect of a purported gift consisting entirely of…

Section 124 makes a gift of existing and future property void as to the future property. When a purported gift contains only future property, the entire gift is void.

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Under the Transfer of Property Act, 1882, what is the effect of a purported gift consisting entirely of future property?

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Answer and explanation

Correct answer C

Section 124 makes a gift of existing and future property void as to the future property.

When a purported gift contains only future property, the entire gift is void.

Option feedback

Option A

Section 122 limits a gift to existing property.

Option B

Section 124 makes the disposition void as to future property without requiring an election to avoid it.

Option C

Because all the purported gift is future property, the entire disposition fails as a gift.

Option D

Acceptance cannot turn future property into an existing subject of a gift at the time of transfer.

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