Section 127
Section 124
Section 125
Section 126
Answer is Right!
Answer is Wrong!
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.