Question
What is a contingent interest in the context of property
transfer according to the Transfer of Property Act?Solution
Section 21. Contingent interest: Where, on a transfer of property, an interest therein is created in favour of a person to take effect only on the happening of a specified uncertain event, or if a specified uncertain event shall not happen, such person thereby acquires a contingent interest in the property. Such interest becomes a vested interest, in the former case, on the happening of the event, in the latter, when the happening of the event becomes impossible.
Statements: U > G = L > V < K ≤ C > S < N
Conclusion I: U ≥ V
II: C > V
Statements: Z > L = I ≥ X = W > K = P, P < N = J
Conclusions:
I. X > J
II. J > K
III. P ≤ L
Statements:
L ≤ J ≤ C = N; W ≥ X > L
Conclusions:
I. J ≤ X
II. X ˃ W
Which of the following symbols should replace (1) and (2) respectively in the given expression in order to make the expression N > P definitely true?
Statements: V > I; W = U < I; V < X = Y ≥ Z
Conclusions:
I. Y > U
II. Z ≤ I
III. W < Y
...Statements: B < C ≤ D; A < B; E < D ≥ F
Conclusions:
I. F < B
II. A < D
III. E < C
Statement: D < E < F ≥ G; D ≥ H > I
Conclusion: I. F > I II. F = I
Study the following information carefully and answer the questions given below:
Statements:
R ≤ O < N, X = I, R ≥ M = I
Co...
Statements: V ≥ W > X = Y, C > D = E ≥ V
Conclusions :I. E ≥ W
II. D ≥ Y
III. C > V
...Statements: Y ≥ Q ≥ P = T; T ≤ H < O; O > I
Conclusions:
I. P ≥ O
II. I > P
III. T < Y
