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Law · Q349

Transfer Of Property Act

Graduate and Post Graduate · Law · question 349

Q349

A gives a lakh of rupees to B, reserving to himself, with B's assent, the right to take back Rs. 10,000 at pleasure out of that amount. This gift is-

A.
Absolutely valid
B.
Absolutely invalid
C.
This cannot be said to a gift
D.
Holds good as to Rs. 90,000 but it is void as to Rs. 10,000
Answer

Answer: Option D

Solution

Answer: Option D
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