Multiple choice

When does an unborn person acquire vested interest on transfer?

  1. As soon as he is born

  2. On attaining majority

  3. On attaining 21 years

  4. After marriage, if female
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A Correct answer
Explanation

Under Section 20 of Transfer of property Act, 1882, where on a transfer of property, an interest therein is created for the benefit of a person not then living, he acquires upon his birth, unless a contrary intention appears from the terms of the transfer, a vested interest, although he may not be entitled to the enjoyment thereof immediately on his birth.

 

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