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As per s.6(a) of the Transfer of Property Act, 1882, transfer of Spes Succession is void-ab-initio. Clause (a) of section 6 of the Transfer of Property Act excludes mere chance of an heir apparent of succeeding to an estate from the category of transferable property. The technical expression for such a chance is ‘Spes Successionis’. During the lifetime of a person, the chance of his heir apparent succeeding to the estate or the chance of a relation obtaining a legacy under his will is a ‘Spes Successionis’ (chance of succession). Such an expectancy does not amount to an interest in property and cannot be made the subject matter of a transfer.
………… of CGST Act, 2017 lists down the activities which shall be treated neither as supply of goods nor as supply of services.
...Calculate Economic order quantity from the following data.
Annual consumption = 10,000 units
Carrying cost = 8%
Cost per unit = Rs....
___________ may fix remuneration of the first auditor appointed by the Board as per section 142 of the Companies Act
As per the GFR rule applicable for GeM direct buying can be adopted for purchase orders in the range: -
Which term refers to the specific rate of interest carried by a bond?
Other things remaining constant, money received tomorrow is ______ received today.
Which type of reinsurance involves one particular risk and is expressed in a reinsurance policy, with each transaction negotiated individually and offer...
Income arising from the transfer of an asset before 1- 4 - 61, which was not revocable for a period exceeding ______, is not includible in the total inc...
Which of the following is the correct full form of REIT?
An asset is purchased for Rs.50,000 on which depreciation is provided annually according to the straight-line method, the useful life is 10 years and ...