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Which section of the Transfer of Property Act, 1882 lays down the rule against perpetuity?

Section 14 limits how far a transfer can postpone an interest. It uses the lifetime of one or more persons alive at the transfer and the minority of the person specified by…

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Which section of the Transfer of Property Act, 1882 lays down the rule against perpetuity?

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Answer and explanation

Correct answer B

Section 14 limits how far a transfer can postpone an interest. It uses the lifetime of one or more persons alive at the transfer and the minority of the person specified by the section. Section 18 provides an exception for specified transfers for the benefit of the public.

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Option A

Section 13 governs the interest created for an unborn person after a prior interest.

Option B

Section 14 lays down the rule against perpetuity.

Option C

Section 15 deals with an interest created for a class when interests of some members fail under section 13 or 14.

Option D

Section 16 deals with a later interest intended to take effect after or upon failure of a prior interest under section 13 or 14.

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