AIBE XIV — September 2019 — Q.24 (Transfer of Property Act, 1882)

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Q.24

Contract, Specific Relief, Property & NI Act Medium Knowledge-Based

Bare Act Transfer of Property Act, 1882 · Sections 19-21

Which of the following is not a vested interest:

A ‘A ’ stipulates that title in a property shall pass to ‘C’ on his death.

B ‘A’ stipulates that title in a property shall pass to ‘C’ on the death of ‘B’.

✓ ‘A ’ stipulates that title in a property shall pass to ‘C’ if he marries ‘B’. Answer

D ‘A’ stipulates that title in a property shall pass to ‘C’ after ten years.

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Explanation & Strategy

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A vested interest arises when on the transfer of property, the transferee gets an immediate right to present or future enjoyment. A contingent interest depends on an uncertain event. The option that describes a contingent rather than vested interest is the answer.

At a Glance

Subject Contract, Specific Relief, Property & NI Act

Difficulty Medium

Act Transfer of Property Act, 1882

Section Sections 19-21

Answer (C) Knowledge-Based

Paper AIBE XIV — September 2019

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