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LAW OF PROPERTY
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Table of Contents
1
Page 1 of 25
Short Notes
Examples :
Jan/Feb
2014
Charge
Unpaid seller
that the unpaid seller on the rejection of the offer for delivery had two
options, viz. Section 168 in The Indian Contract Act, 1872
Rights of finder of
goods
168. Right of finder of goods, may sue for specific reward offered.
The finder of goods has no right to sue the owner for compensation
for trouble and expense voluntarily incurred by him to preserve the
goods and to find out the owner; but he may retain the goods against
the owner until he receives such compensation; and where the owner
has offered a specific reward for the return of goods lost, the finder
may sue for such reward, and may retain the goods until he receives
it. The finder of goods has no right to sue the owner for
compensation for trouble and expense voluntarily incurred by him to
preserve the goods and to find out the owner; but he may retain the
goods against the owner until he receives such compensation; and
where the owner has offered a specific reward for the return of goods
lost, the finder may sue for such reward, and may retain the goods
until he receives it."
In view of
Also according to
Codicil
Aug/Sep
2013
Section 26 in The Transfer of Property Act, 1882
Illustration
(a) A transfers Rs. 5,000 to B on condition that he shall marry with
the consent of C, D and E. E dies. B marries with the consent of C
and D. B is deemed to have fulfilled the condition.
(b) A transfers Rs. 5,000 to B on condition that he shall marry with
the consent of C, D and E. B marries without the consent of C, D and
E, but obtains their consent after the marriage. B has not fulfilled the
condition.
"A perpetuity", as defined by Lewis in his well-known book on
vest
falls within the branch of the law of property and its true object is to
restrain the creation of future conditional interest in property.
The rule against perpetuities is not concerned with contracts
as such or with contractual rights and obligations as such. Thus a
contract to pay money to a person,
the property 2[or any part of such rents and profits and to appropriate
the same] in lieu of interest, or in payment of the mortgage-money, or
partly in lieu of interest 3[or] partly in payment of the mortgagemoney, the transaction is called an usufructuary mortgage and the
mortgagee an usufructuary mortgagee.
Section 126 of the transfer of Property Act, 1882 lays down that
Resumable gift
CaseLaws:
1. State of U.P v. Sayed Abdul Jalil, AIR 1990 SC 1272.
2. Taraknath v. Sushil Chandra Dey, (1996)4 SCC 697.
3. V.P.K Umma v. P.N Kunhamu, AIR 1964 SC 275.
Section 3 in The Transfer of Property Act, 1882
...
[5] actionable claim means a claim to any debt, other than a debt
secured by mortgage of immoveable property or by hypothecation or
Actionable claim
Jan 2013
Actionable claim
Already answered.
Vested interest
Section 43 of the Transfer of Property Act embodied this doctrine of
feeding the grant by estoppel .
Already answered.
Under Section 67 of the Transfer of Property Act the mortgagee, at
any time after the mortgage money has become payable and before
decree for redemption has been made, has a right to obtain from the
Remedy of foreclosure
Codicil
Apr / May
2011
Universal Donee
personally liable for all the debts due by 1[and liabilities of] the
donor at the time of the gift to the extent of the property comprised
therein.
Section 26 in The Transfer of Property Act, 1882
26. Fulfilment of condition precedent.Where the terms of a transfer
of property impose a condition to be fulfilled before a person can
take an interest in the property, the condition shall be deemed to have
been fulfilled if it has been substantially complied with. Illustration
Condition Precedent
Anomalous Mortgagee
Quasi Easements
any fact if his agent acquires notice thereof whilst acting on his
behalf in the course of business to which that fact is material:
Provided that, if the agent fraudulently conceals the fact, the principal
shall not be charged with notice thereof as against any person who
was a party to or otherwise cognizant of the fraud.
Inter vivos (Latin, between the living) is a legal term referring to a
transfer or gift made during one's lifetime, as opposed to a
testamentary transfer (a gift that takes effect on death).
vivos trust is often used synonymously with the more common term
Living trust, but an Inter vivos trust, by definition, includes both
revocable and irrevocable trust.
The term inter vivos is also used to describe living organ donation, in
which one patient donates an organ to another while both are alive.
Generally, the organs transplanted are either non-vital organs such as
Jun / Jul
2011
part of a liver.
Condition Precedent
Already answered.
Spes Successionis
Already answered.
The legal doctrine of Cy Pres is a French term meaning "as close as
possible." When a gift is made by will or trust and it is no longer
possible to follow the instructions of the donor, a judge, estate, or
Doctrine of Cypress
trustee may apply the Cy Pres doctrine to fulfill the donor's wishes as
nearly as possible. It is usually applied in the case of a gift made for
charitable or educational purposes when the named recipient of the
gift does not exist, has dissolved or no longer conducts the activity
for which the gift is made. In some cases, the Cy Pres doctrine is
In the recent case of Vallee -v- Birchwood [2013] EWHC 1449 (Ch)
the Court held that a Donatio Mortis Causa gift could be made four
months before the person died. In that case, Ms Vallee lived abroad
and came to England to see her father, Mr. Bogusz. When they were
discussing when she would next visit she had told him that she hoped
to be over again at Christmas. Her father replied that he might not be
alive by then and handed her the deeds to his unregistered property, a
key to his house, his war medals and a photo album. Mr. Bogusz
died in the December without leaving a will. As Ms Vallee had been
adopted out of the family after her mother and Mr. Boguszs
marriage broke down, she was not entitled to benefit under Mr.
Boguszs estate.
May / Jun
2011
Charge
Already answered.
License
Already answered.
Immovable Property
Already answered.
Sec. 13. Transfer for benefit of unborn person.Where, on a
transfer of property, an interest therein is created for the benefit of a
person not in existence at the date of the transfer, subject to a prior
Unborn Person
interest created by the same transfer, 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 transferor in the property.
Dec 2010
Vested interest
Already answered
Lis Pendens
Already answered
Lease
Already answered.
Onerous Gift
Already answered.
License
Already answered.
Restrictive covenant
Already answered.
Spes Successionis
Already answered.
Vested interest
Already answered.
Marshalling
Charge
Already answered.
Ostensible Owner
Already answered.
Fraudulent Transfer
Already answered.
Tenancy-by-holding
over
Licence
May / Jun
2010
Already answered.
Actionable claim
Already answered.
Ostensible Owner
Already answered.
Lis Pendense
Already answered.
Partial Redemption
Foreclosure
Already answered.
Charge
Already answered.
Vested interest
Oral Transfer
Attestation
Nov / Dec
one of such witnesses shall have been present at the same time, and
2009
Simple Mortgage
Already answered.
Licence
Already answered.
Codicil
Already answered.
Sec. 35. Election when necessary.Where a person professes to
transfer property which he has no right to transfer, and as part of the
same transaction confers any benefit on the owner of the property,
such owner must elect either to confirm such transfer or to dissent
from it; and in the latter case he shall relinquish the benefit so
Doctrine of election
Extra
Definition of Easement
Already answered.
Intangible Property
Spes Successionis
Already answered.
Sec. 29. Fulfilment of condition subsequent.An ulterior disposition
of the kind contemplated by the last preceding section cannot, take
effect unless the condition is strictly fulfilled. Illustration A transfers
Condition Subsequent
Ostensible Owner
Already answered.
Simple Mortgage
Already Answered
Marshalling
Already answered.
Charge
Already answered.
Licence
Already answered.
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