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Which legal term completes the definition of a gift in section 122 of the Transfer of Property Act,…

Section 122 requires a voluntary transfer of certain existing movable or immovable property without consideration, accepted by or on behalf of the donee. Consideration is…

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Which legal term completes the definition of a gift in section 122 of the Transfer of Property Act, 1882? A gift is a voluntary transfer of existing property, accepted by or on behalf of the donee, without ____.

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Correct answer D

Section 122 requires a voluntary transfer of certain existing movable or immovable property without consideration, accepted by or on behalf of the donee. Consideration is broader than payment of money.

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Option A

Price is narrower than consideration and is not the word used in section 122.

Option B

Section 127 expressly contemplates gifts that carry an obligation or burden.

Option C

Section 123 addresses how a gift is effected, and allows delivery as one method for movable property.

Option D

Section 122 expressly requires the transfer to be without consideration.

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