Browse by Stream
QnA
Home
QnA
Go To Your Study Dashboard

Get Answers to all your Questions

header-bg qa
  • Home
  • Law
  • Read the following passage and answer the question. Transfer of property" means an act by which a living person conveys property, in present or in future, to one or

Read the following passage and answer the question.

Transfer of property" means an act by which a living person conveys property, in present or in future, to one or more other living persons, or to himself and one or more than one living person. It is clear from this definition that for a conveyance to be covered under the Transfer of Property Act, it must be from one living person to another living person, ie who are both alive at the time of conveyance

However, an exception to this provision is section 13 which facilitates the transfer of immovable property in favour of an unborn person. A person who does not have any current existence but has a specific reference to one and who may be born in the future is considered to be an unborn child or person. Thus, a child who has been conceived as well as a child who has not been conceived at the time of conveyance are both covered under the term. Section 13 of the Transfer of Property Act, 1882 provides that when for the transfer of property, an interest therein is created for the benefit of an unborn person at the date of the transfer, a prior interest is to be created in respect of the same transfer, and the interest created for the benefit of such person shall not take effect. unless it extends to the whole of the remaining interest of the person transferring the property in the property to be transferred Other than this provision, property cannot directly be transferred to an unborn person.

Thus, in order to transfer property for the benefit of an unborn person on the date of the transfer, it is imperative

1. The property must first be transferred by the mechanism of trusts in favour of some person living other than the unborn person on the date of transfer, and

2. The interest ultimately created in favour of the unborn person must not be limited by time or otherwise. If the persons for whose benefit the transfer is to take effect are living, any number of successive life interests can be created in their favour. However, in the case of such a person for whose benefit the interest is being acted is an unborn person, the transfer must be absolute and there should be no further transfer him to other people.

Question :-  A transfers his property to his unborn son by creating a trust in the name of his wife. However, the transfer deed states that the conveyance in the favour of his wife will take effect in the period of five years or upon his wife conceiving a child, whichever is sooner is this a valid transfer of property? 

 

Option: 1

No, as no prior interest is created in favour of a living person


Option: 2

Yes, as the property is conveyed to A's wife in the present.


Option: 3

Yes, as future conveyance of property is valid as a transfer.


Option: 4

No, as property cannot be conveyed in the future.

 


Answers (1)

best_answer

As A has provided that his son may not sell the property and it must be passed down to his niece, the transfer is not absolute and the second essential is not fulfilled.

 

Posted by

mansi

View full answer

Similar Questions

Trending Articles/News

anam-khan

CLAT 2025 counselling delayed: Consortium of NLUs to approach SC seeking relief against Delhi HC order
anam-khan

CLAT 2025 Result: Delhi HC refuses to intervene in order for revision
anam-khan

CLAT 2025 results likely to be revised; Delhi high court orders revision of merit list

Latest Question