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Which kinds of existing property can be the subject of a gift under section 122 of the Transfer of…

Section 122 allows a gift of either movable or immovable property that already exists. The definition does not confine gifts to one of those two classes.

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Which kinds of existing property can be the subject of a gift under section 122 of the Transfer of Property Act, 1882?

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Answer and explanation

Correct answer C

Section 122 allows a gift of either movable or immovable property that already exists. The definition does not confine gifts to one of those two classes.

Option feedback

Option A

Section 122 also includes existing immovable property.

Option B

Section 122 also includes existing movable property.

Option C

Section 122 expressly covers either kind of existing property.

Option D

Section 122 includes both kinds.

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