[amp_mcq option1=”Section 127″ option2=”Section 124″ option3=”Section 125″ option4=”Section 126″ correct=”option1″]
The correct answer is (a).
Section 127 of the Transfer of Property Act, 1882 deals with onerous gifts. An onerous gift is a gift that is made subject to a condition that the donee shall perform some act or render some service to the donor or to a third person.
The following are the provisions relating to onerous gifts under the Transfer of Property Act, 1882:
- Section 127(1): An onerous gift is voidable at the option of the donor if the donee fails to perform the condition.
- Section 127(2): The donor may, however, waive his right to avoid the gift.
- Section 127(3): If the donee performs the condition, the gift is valid and the donor cannot recover the property.
- Section 127(4): If the donee dies before performing the condition, the gift is void.
The following are the explanations for each option:
- Option (b): Section 124 of the Transfer of Property Act, 1882 deals with the general principles of gift.
- Option (c): Section 125 of the Transfer of Property Act, 1882 deals with the acceptance of a gift.
- Option (d): Section 126 of the Transfer of Property Act, 1882 deals with the revocation of a gift.