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    Question

    Vested interest

    is__________________
    A Not certain Correct Answer Incorrect Answer
    B Defined in section 19 of the TP Act. Correct Answer Incorrect Answer
    C Dependent upon a contingency which must happen Correct Answer Incorrect Answer
    D Both b & c Correct Answer Incorrect Answer

    Solution

    Transfer of Property Act Section 19. Vested interest—Where, on a transfer of property, an interest therein is created in favour of a person without specifying the time when it is to take effect, or in terms specifying that it is to take effect forthwith or on the happening of an event which must happen, such interest is vested, unless a contrary intention appears from the terms of the transfer.

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