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With reference to the Transfer of Property Act, 1882, which of the following is false? A vested…

Under section 19 of the Transfer of Property Act an interest is vested where it is created in terms specifying that it is to take effect forthwith, or without specifying the…

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With reference to the Transfer of Property Act, 1882, which of the following is false? A vested interest means, where, on transfer of property, an interest therein is created in favour of a person:

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Correct answer B

Under section 19 of the Transfer of Property Act an interest is vested where it is created in terms specifying that it is to take effect forthwith, or without specifying the time when it is to take effect, or on the happening of an event which must happen. An interest that takes effect only "on happening of a specified uncertain event" is a contingent interest under section 21, so that statement is false for a vested interest.

The other two statements correctly describe vested interests.

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