Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Topics of Law

Question:
Which of the following section of Transfer of Property Act deals with transfer of a property by way of gift?
Options:
Section 122
Section 124
Section 35
Section 130
Correct Answer:
Section 122
Explanation:
A transfer of ownership of property that is made voluntarily and without consideration is called Gift (Section 122 of the TPA). The person making the transfer is called the donor and the person to whom it is made is called the donee. If the donee expires before accepting the gift, it becomes void.