Question
Under common law principles on trusts (applied in Indian jurisprudence), Mr. W transfers property valued at ₹100 lakhs to Mr. X with the following circumstances: (i) no consideration is given (gratuitous transfer); (ii) no written trust instrument is executed; (iii) the parties are not family members; (iv) no verbal declaration of beneficial ownership is made. Years later, W claims he retains beneficial interest in the property. Which of the following correctly determines W's legal entitlement?
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