New FLASH SALE Dhamaka - Flat 60% Off on All Courses

    Question

    Which of the following statement regarding 'Gift under

    The Transfer of Property Act, 1882, is correct?
    A Gift is the transfer of certain future movable or immovable property made voluntarily and without consideration. Correct Answer Incorrect Answer
    B Transferor is known as donee and tranferee is known as donor in gift. Correct Answer Incorrect Answer
    C If the donee dies before acceptance, the gift is void. Correct Answer Incorrect Answer
    D None of the above option. Correct Answer Incorrect Answer

    Solution

    Option 1 … Section 122 - “Gift” defined—“Gift” is the transfer of certain existing moveable or immoveable property made voluntarily and without consideration, by one person, called the donor, to another, called the donee, and accepted by or on behalf of the done Existing and not future Option 2 … Incorrect as Transferor is known as donor and tranferee is known as done Option 3 …Section 122 …. If the donee dies before acceptance, the gift is void.

    Practice Next