Start learning 50% faster. Sign in now
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.
Which of the following is not a phase under the DMADV model of six sigma?
Under the IFSCA Listing Regulations 2024, which of the following bodies is authorized to approve ESG-labelled debt securities?
How much did NRI deposits increase in India between April and July 2024?
How much did the Account Aggregator (AA) framework facilitate in loans by March 2024?
Which of the following statements are correct with respect to the International Banking Units (IBUs) operating in IFSC?
(i) Lender of last resort...
Under the IFSCA (Banking) Regulations 2020, what is the maximum leverage ratio permitted for an IFSC Banking Unit?
What initiative did Star Health introduce to empower visually impaired individuals with access to health insurance information?
The population covered with bank accounts increased from 53 per cent in 2015-16 to ________ in 2019-21 (as per NFHS).
How much funds is targeted for the animal husbandry, Dairy, and Fisheries Sector?
Which private sector Insurance Company recently launched the iTerm Prime Insurance plan, which will cater to the need of self-employed individuals with...