Liability of drawer to compensate the drawee in case of dishonor is primarily provided under:
A. Section 29(a)
B. Section 29
C. Section 30
D. Section 31
Select an option to see the answer and solution.
Within the meaning of section 40 of the Transfer of Property Act, 1882, the purchaser at a court sale:
A. Is not a transferee by operation of law
B. Is a transferee by operation of law
C. Is a transferee by operation of law and is not a transferee within the meaning of section 40
D. None of the above
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A mortgagee permitted by the deed to appropriate the usufruct for interest on the principal is by the provisions of section 77 of the Transfer of Property Act, 1882:
A. Except from liability to account for the usufruct
B. Not exempted from liability to account for the usufruct
C. Exempt from interest only
D. None of the above
Select an option to see the answer and solution.
Under Transfer of Property Act, the expression 'Transfer of Property' includes
A. Partition
B. Surrender
C. Family arrangement
D. None of these
Select an option to see the answer and solution.
Which one of the following transfers can be made orally?
A. Lease from year to year
B. Surrender of lease
C. Exchange of immovable property exceeding rupees one hundred
D. Simple mortgage
Select an option to see the answer and solution.
When the mortgagor is a trustee to the public purpose, there is:
A. Estoppel
B. No estoppel
C. No such provision prevails in law
D. None of the above
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Where the property subject to a mortgage belongs to two or more persons having distinct and separate rights to ownership therein, then the different shares in or parts of such property owned by such persons are:
A. Not liable to contribute retably to the debt secured by the mortgage
B. Liable to contribute retably to the debt secured by the mortgage
C. Liable to contribute interest part only
D. None of the above
Select an option to see the answer and solution.
Under the Transfer of Property Act, 1882, vested interest is . . . . . . . .
A. Defeated by the death of the transferor
B. Defeated by the death of the transferee
C. Either or both A and B
D. Neither A nor B
Select an option to see the answer and solution.
A lease can be made
A. For a certain period only
B. For perpetuity only
C. None of the above
D. A and B both
Select an option to see the answer and solution.
Provision of Section 53A of the Transfer of Property Act, 1882 the rights of following transferee for consideration, shall not be affected
A. Who is a gratuitous transferee
B. Who has notice of the contract
C. Who has no notice of the contract
D. Whether he has notice of the contract or no notice of the contract
Select an option to see the answer and solution.
The doctrine lis-pendens applies where:
A. The suit is collusive
B. The transfer is made after the decree of the trial court but before the filing on an appeal
C. Right to movable property in question
D. Property is situated outside the territorial jurisdiction of the court
Select an option to see the answer and solution.
Within the meaning of section 58 of the Transfer of Property Act, 1882 a mortgage is a transfer of an interest in specific immovable property as security for the repayment of a debt.
A. Such interest itself is immovable property
B. Such interest is not immovable property
C. Question of interest does not arise
D. None of the above
Select an option to see the answer and solution.
Which out of the following does not constitute exception to the rule against perpetuity?
A. Where a property is transferred for the benefit of the public
B. A lease with a covenant for renewal
C. It does not apply to vested interests
D. A fund is bequeathed to next seven generations
Select an option to see the answer and solution.
A lease of immovable property does not determine:
A. By efflux of the time limited thereby
B. On death of the lessor
C. By surrender
D. Where such time is limited, conditionally on the happening of some event by the happening of such time
Select an option to see the answer and solution.
The transferee of an actionable claim shall take it subject to all the liabilities and equities and to which the transferor was subject in respect thereof
A. At the date of transfer
B. Before the date of transfer
C. After 15 days from the date of transfer
D. Before 15 days from the date of transfer
Select an option to see the answer and solution.
Which of the following doctrine finds application in Section 41 of Transfer of Property Act, 1882?
A. Doctrine of Holding Out
B. Doctrine of Feeding the Grant by Estoppel
C. Doctrine of Lis pendens
D. Doctrine of Acquiescence
E. None of these
Select an option to see the answer and solution.
Which one of the following properties may be transferred?
A. Mere Easement
B. A right to future maintenance
C. Immovable property
D. A mere right to sue
Select an option to see the answer and solution.
The Chapter that deals with gift under the Transfer of Property Act, 1882
A. Applies to Mohammedan gift also
B. Does not apply to Mohammedan gift
C. Applies to all caste, creed, etc.
D. Applies to Parsi gift only
Select an option to see the answer and solution.
Which of the following statements hold true regarding receiver under the provisions of the Transfer of Property Act, 1882?
A. A person paying money to the receiver must make sure that the appointment of receiver is valid
B. The receiver can use the insurance money received, subject to other provisions of the Transfer of Property Act, 1882, for the payment of interest falling due under the mortgage, if so directed in writing by the mortgagee
C. The receiver can use the insurance money received, subject to other provisions of the Transfer of Property Act, 1882, for the payment of principle money, if so directed in writing by the mortgagee
D. None of these
Select an option to see the answer and solution.
The provision of contingent interest is provided in:
A. Section 20 of the Transfer of Property Act, 1882
B. Section 21 of the Transfer of Property Act, 1882
C. Section 22 of the Transfer of Property Act, 1882
D. Section 23 of the Transfer of Property Act, 1882
Select an option to see the answer and solution.