Answer-Vested interest is :

Q: Answer-Vested interest is :

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.

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Vested interest is :

Question

Vested interest is

A defined in s. 19 of the TP Act. Correct Answer Incorrect Answer

B not certain Correct Answer Incorrect Answer

C dependent upon an event which must happen Correct Answer Incorrect Answer

D a and c. Correct Answer Incorrect Answer

E a, b and c. Correct Answer Incorrect Answer

Solution

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.

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