📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Which of the following is true about interest of unborn

    in transfer of property?
    A not created for interest of person not in existence at the date of such transfer. Correct Answer Incorrect Answer
    B interest created shall not take effect till the person is born Correct Answer Incorrect Answer
    C interest created shall not take effect unless it extends to the whole of remaining interest of the transferor. Correct Answer Incorrect Answer
    D interest created shall not take effect unless it extends to whole of remaining interest of the transferee. Correct Answer Incorrect Answer
    E both B and C Correct Answer Incorrect Answer

    Solution

    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.

    Practice Next
    More Administrative Interpretation and Maxims Questions

    Relevant for Exams:

    ask-question