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

Section 14 limits postponement of vesting by reference to lives in being at the transfer and the minority of a qualifying ultimate beneficiary. Section 18 provides a…

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

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Correct answer B

Section 14 limits postponement of vesting by reference to lives in being at the transfer and the minority of a qualifying ultimate beneficiary. Section 18 provides a public-benefit exception to specified restrictions, including section 14.

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Option A

Section 15 addresses a transfer to a class when the interest fails for some members under section 13 or 14.

Option B

Section 14 states the rule against perpetuity.

Option C

Section 17 regulates directions to accumulate income.

Option D

Section 16 addresses an interest intended to take effect after the failure of a prior interest.

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