New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    The liability of the Universal done is:

    A to the extent of part of the property Correct Answer Incorrect Answer
    B to the extent of the property comprised therein Correct Answer Incorrect Answer
    C beyond the property acquired by him Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    Transfer of Property Act: Section 128.   Universal done: Subject to the provisions of section 127, where a gift consists of the donor's whole property, the done is personally liable for all the debts due by and liabilities of] the donor at the time of the gift to the extent of the property comprised therein.

    Practice Next