Multiple choice

Gift comprising of future property is valid.

  1. Right

  2. Wrong

  3. Gift property may be provided in future to validate it.

  4. Future gift will only be valid if donee accepts it.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Option (1) is incorrect: As per Section 124 of Transfer of Property Act, 1882, a gift comprising both existing and future property is void as to the latter. Option (2) is correct: Transfer is valid only to existing property and void related to future property. Option (3) is incorrect: Transfer is valid only to existing property and void related to future property. Option (4) is incorrect: Transfer of Property Act, 1882, completely makes the transfer of future property void. Donne’s acceptance does not make the gift valid.

Keep practicing — related questions