Which of the following provisions of the Transfer of Property Act, 1882, deals with the rule against…
Section 14 contains the rule against perpetuity. It limits how remotely a transferred interest may take effect by reference to lives in being at the transfer and the…
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Which of the following provisions of the Transfer of Property Act, 1882, deals with the rule against perpetuity?
Answer and explanation
Correct answer C
Section 14 contains the rule against perpetuity. It limits how remotely a transferred interest may take effect by reference to lives in being at the transfer and the minority of the qualifying person who exists at their expiry. The rule restricts remote vesting rather than the mere length of present possession.
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