Q700
A gifts Rs. 5 lakh to B, reserving to himself, with B's assent, the right to take back at leisure Rs. 1 lakh. Which one of the following is correct?
A.
The gift is void in its entirety
B.
The gift is valid upto Rs. 4 lakh
AnswerC.
The gift is said to be revoked
D.
The gift takes effect after A's life time
Answer: Option B
Solution
Answer: Option B
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