Questions and answers on law(Part 71)

 Q 1:- What is basic concept of universal donee?

Ans:- Section 128 in The Transfer Of Property Act, 1882

128. Universal donee.—

Subject to the provisions of section 127, where a gift consists of the donor’s whole property, the donee is personally liable for all the debts due by and liabilities of the donor at the time of the gift to the extent of the property comprised therein.Q 2 :- What is difference between  warrant and summons case?

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NOTES ON GIFT ( S 122-129 of Transfer of property Act)

(S 122-129 OF TRANSFER OF PROPERTY ACT)

Gift defined ( S 122)

A gift is the transfer:

- of certain existing movable or immovable property,

-made 1) voluntarily,and

2)without consideration,

- by one person called the donor to another called the donee,and

- accepted by or on behalf of donee.

Such acceptance must be made during the life-time of donor,and while he is still capable of giving. If the donee dies before acceptance,the gift is void.

Gift how effected( S 123)

Read important judgment on gift
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