Question

Under Section 122 of the Transfer of Property Act, 1882, a "gift" is defined as:

Q: Answer-Under Section 122 of the Transfer of Property Act, 1882, a 'gift' is defined as:

Section 122 of TPA, 1882 defines gift as the transfer of certain existing movable or immovable 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 donee. Three essential elements emerge i the property must be existing at the time of the gift a gift of future property is void ii the transfer must be without consideration any consideration, however nominal, would alter the nature of the transaction and iii the gift must be accepted by the donee during the lifetime of the donor and while the donor is capable of giving. Under Section 123, a gift of immovable property must be made by a registered instrument signed by the donor and attested by at least two witnesses a gift of movable property may be effected by registered instrument or by delivery.

A A transfer of property by will to take effect after the testator's death without any present consideration

B A conditional transfer of property made gratuitously subject to the performance of a specified act by the donee

C The transfer of certain existing movable or immovable 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 donee

D A transfer of future property that the donor intends to convey to the donee upon its acquisition

E A transfer of property made by a donor to a donee upon the request of the donee, with or without nominal consideration

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