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Which section of the Transfer of Property Act, 1882 sets out the rule against perpetuity?

Section 14 limits how far in the future an interest created by a transfer may take effect. The permitted period is measured by one or more lives in being at the date of…

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Which section of the Transfer of Property Act, 1882 sets out the rule against perpetuity?

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Answer and explanation

Correct answer A

Section 14 limits how far in the future an interest created by a transfer may take effect.

The permitted period is measured by one or more lives in being at the date of transfer and the minority of the person to whom the interest is to belong, as specified in the section.

Option feedback

Option A

Section 14 states the rule against perpetuity.

Option B

Section 15 addresses transfers to a class when the interests of some members fail under section 13 or 14.

Option C

Section 16 concerns an interest intended to take effect after a prior interest fails under section 13 or 14.

Option D

Section 17 concerns directions to accumulate income.

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