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What kind of interest does section 19 of the Transfer of Property Act, 1882, define?

Section 19 defines vested interest. Its enjoyment may be postponed without postponing vesting. Section 21 addresses contingent interest, which depends on a specified…

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What kind of interest does section 19 of the Transfer of Property Act, 1882, define?

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Answer and explanation

Correct answer A

Section 19 defines vested interest. Its enjoyment may be postponed without postponing vesting. Section 21 addresses contingent interest, which depends on a specified uncertain event.

Option feedback

Option A

Section 19 defines vested interest and describes when an interest vests.

Option B

Section 21 addresses contingent interest.

Option C

Section 17 concerns a direction for accumulation of income.

Option D

Section 13 concerns a transfer for an unborn person, and section 20 addresses when that interest vests.

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