Multiple choice

Assertion (A): Ownership subject to condition subsequent is vested ownership. Reason (R): Possession and ownership do not differ in their modes of acquisition.

  1. Both (A) and (R) are true and (R) is the correct explanation of (A).

  2. Both (A) and (R) are true, but (R) is not the correct explanation of A.

  3. (A) is true, but (R) is false.

  4. (A) is false, but (R) is true.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

 1. Condition subsequent is where the interest will take effect on the happening of condition subsequent. The transferee become the owner but if the condition subsequent happens his ownership ceases. Thus, the ownership subject to a condition subsequent is not contingent but vested.

  1. Ownership can be acquired by two modes i.e. original and derivative mode. Possession may be mediate or immediate. A is true and R is false. R cannot be the explanation of A.
  2. Possession and ownership differ in their modes of acquisition. Ownership is a right which comprises of powers, claims and privileges etc. Thus, R is false.
  3. Ownership is vested when the owner’s title is already perfect so he owns it absolutely. It is contingent when the title is imperfect but is capable of being perfect on the fulfillment of some condition. Thus, ownership subject to condition subsequent is vested ownership. So, A is true.

Keep practicing — related questions