Which of the following is NOT an essential element for a valid transfer?1The transfer should be between two or more living persons.2The property that is going to be transferred should be free from encumbrances (hindrances of any form) and be of a transferable nature.3The transfer should be only for an lawful object or an lawful consideration.4None of the above.Answer & explanation+Correct answer: option 4All are essential conditions of a valid transfer.