This case is landmark case of section 13 of Transfer of property act. Section 13 talks about transfer for the benefit of an unborn person. Section 13 talks about two things- I) Prior life-interest: Interest and Absolute intrest in favour of unborn person. Now let us study Girjest dutt case: “A” transferred gift to “B”…
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Loan can be secured or unsecured. Loan which is secured by movable property is known as Pledge and loan secured which is secured by immovable property is known as Mortgage. To understand Usufructuary Mortage Let us first understand: What is Mortgage? Mortgage means [Section 58(a)] Mortgagor is the person who keeps his proper as a…
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It is important to note that there is no acid-test for diffentiate lease from licence. But, intention of the parties to transaction and the nature of possession (i.e., whether exclusive or not) is a determining factor. Where the transferee is entitled to have exclusive possession, it is lease. But, permission to use land without…
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