Transfer of Property Act S. 19. Vested interest .—Where, on a transfer of property, an interest therein is created in favour of a person without specifying the time when it is to take effect , or in terms specifying that it is to take effect forthwith or on the happening of an event which must happen, such interest is vested, unless a contrary intention appears from the terms of the transfer. A vested interest is not defeated by the death of the transferee before he obtains possession. Explanation.—An intention that an interest shall not be vested is not to be inferred merely from a provision whereby the enjoyment thereof is postponed, or whereby a prior interest in the same property is given or reserved to some other person, or whereby income arising from the property is directed.
What is CI on Rs. 7500 for 4 years if the rate of interest is 10% p.a. for the first 2 year and 20% p.a. for the next 2 year?
Which one of the following sources states that Srinagar was built by Ashoka?
Who is considered a part of an insured person's family?
I. Spouse only
II. Minor legiti...
Consider the following statements:
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The flowers in a basket become double every minute and the basket gets full in one hour. In how much time, the basket was 1/32 full?
Which one of the following has the characteristics of both an animal as well as a plant?
All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the;
Which of the following are the legally binding agreements adopted in the 1992 Earth Summit?
1.Convention on Biological Diversity
2.Frame...
What does CSS stand for in web development?
The only expenses of Arun are on grocery, rent and fun expenses. Arun spent Rs. 4,500 on fun, amount spent by him on rent is Rs. 9,000 more than that on...
