Question
In which of the following Section of the transfer of
Property Act provision for transfer for benefit of unborn person is made?Solution
As per the Transfer of Property Act, 1882- S.13. Transfer for benefit of unborn person.—Where, on a transfer of property, an interest therein is created for the benefit of a person not in existence at the date of the transfer, subject to a prior interest created by the same transfer, the interest created for the benefit of such person shall not take effect, unless it extends to the whole of the remaining interest of the transferor in the property. Illustration A transfers property of which he is the owner to B in trust for A and his intended wife successively for their lives, and, after the death of the survivor, for the eldest son of the intended marriage for life, and after his death for A’s second son. The interest so created for the benefit of the eldest son does not take effect, because it does not extend to the whole of A’s remaining interest in the property.
How many international visitors from Election Management Bodies (EMBs) of various countries arrived in India on the Election Commission of India's (ECI)...
Which bank will sign a 200 million euro (about Rs 1,800 crore) Line of Credit (LoC) with the European Investment Bank (EIB) for supporting climate act...
Which of the following channels is between India and Maldives?
The Ministry of Fisheries, Animal Husbandry & Dairying has released the Basic Animal Husbandry Statistics 2023 (milk, egg, meat and wool production 2022...
Why did Italy decide to withdraw from China's Belt and Road Initiative (BRI), and what was the criticism it faced for joining in 2019?:
In which city of Rajasthan the biggest bell is being built?
On which date was the Bima Sakhi – Mahila Career Agent Scheme launched?
Consider the following statement:
I. The G20 Finance Track, led by Finance Ministers and Central Bank Governors of G20 countries.
II. It p...
Who is the author of the book ‘Delhi University : Celebrating 100 years of Glorious Years’?
Which ministry has recently launched the Udyam Assist Platform (UAP) to bring informal micro enterprises in the country into the formal fold and enable ...