Q347
Which of the following is a valid example of contingent interest as defined by the Transfer of Property Act, 1882?
A.
B gifted his property to his daughter-in-law, with a condition that the possession of the property will transfer to her only after B's death
B.
B made a gift of Rs. 15,000 to A, deposited in an account to be transferred to A when he attains age of majority
AnswerC.
Both A and B
D.
Neither A nor B
Answer: Option B
Solution
Answer: Option B
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