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    Question

    Rule against perpetuity is applicable to:

    A Only immovable property Correct Answer Incorrect Answer
    B Movable and immovable property Correct Answer Incorrect Answer
    C Actionable claim Correct Answer Incorrect Answer
    D Only movable property Correct Answer Incorrect Answer

    Solution

    Section 14 of the ‘The Transfer of Property Act, 1882’ (TPA) is rightly called ‘Rule against perpetuity’ as it limits the maximum time period beyond which property cannot be transferred. The provision or doctrine is applicable to immovable as well as movable property.

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