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Question

Transfer of property to take effect after the lifetime of a person, who is in existence at the date of such a transfer is:

A Not operative Correct Answer Incorrect Answer
B Discussed under S.14 of the transfer of property act, 1882. Correct Answer Incorrect Answer
C Both a and b Correct Answer Incorrect Answer
D Defined under s.13 of the Transfer of property act, 1882. Correct Answer Incorrect Answer

Solution

As per Transfer of Property Act, 1882-S. 14. Rule against perpetuity.mdash;No transfer of property can operate to create an interest which is to take effect after the lifetime of one or more persons living at the date of such transfer, and the minority of some person who shall be in existence at the expiration of that period, and to whom, if he attains full age, the interest created is to belong

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