Question
Transfer of property takes place
_______?ÂSolution
The transfer of property takes place by an act of parties, which means it occurs through an act by which a living person conveys property, either presently or in the future, to one or more other living persons or to himself and others. According to Section 5 of the Transfer of Property Act, 1882, the transfer must be between living persons or juristic entities (including companies and associations). Transfer by operation of law is different and not covered under this definition. Also, the transfer is not limited only between living persons excluding corporations; juristic persons like companies can also be parties.
Market is a place of ______.
What percent of shareholding is under National Bank for Agriculture and Rural Development (NABARD) in Agriculture Insurance Company of India Limited?
In which type of insurance, schemes are offered by insurance companies to provide certain classes of individuals, the benefit of insurance coverage at m...
A policy that covers loss or damage to a householder's property is:
Which feature is not allowed in the Indian insurance market?Â
Reinsurance placed with a company not authorized in the reporting company’s state of domicile is called?
The amount charged by the insurer to provide the life cover to policy holder on the life of the life Insured is known as?
The portion of risk that a reinsurance company cedes or amount of insurance the company chooses not to retain is called?
What does the preamble of an insurance policy NOT typically include?
The 'Own Damage' cover in a motor insurance policy protects the insured against:
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