New One Goal, Three Exams: Strategies for Mastering RBI, SEBI, and IFSCA Exams
Register

Question

Gift made to 2 donees, one does not accept the gift, his interest:

A Shall be void. Correct Answer Incorrect Answer
B Shall be accepted by other donee. Correct Answer Incorrect Answer
C May be accepted by other donee. Correct Answer Incorrect Answer
D Accepted by other donee only when both donees accept their interests. Correct Answer Incorrect Answer
E As per the terms of gift deed. Correct Answer Incorrect Answer

Solution

As per s. 125. Gift to several of whom one does not accept.—A gift of a thing to two or more donees, of whom one does not accept it, is void as to the interest which he would have taken had he accepted.

Practice Next
×
×