TRANSFERS OF PROPERTY BY ACT OF PARTIES
Q1: How Is "Transfer of Property" Defined in the Transfer of Property Act?
A1: Transfer of Property means an act by which a living person conveys property, either in the present or in the future, to one or more other living persons, or to himself and one or more other living persons.
Q2: What Does the Phrase “To Transfer Property” Imply?
A2: “To transfer property” implies performing the act of conveying property as defined in the context of the Act.
Q3: Who Qualifies as a "Living Person" Under This Definition?
A3: In this context, “living person” includes a company or association or body of individuals, whether incorporated or not.
Q4: Does This Definition Affect Existing Laws Related to Property Transfer Involving Companies or Associations?
A4: No, nothing in this definition shall affect any law for the time being in force relating to transfer of property to or by companies, associations, or bodies of individuals.
Q5: What Types of Property May Be Transferred Under the Transfer of Property Act?
A5: Property of any kind may be transferred, except as otherwise provided by this Act or any other law currently in force.
Q6: Can the Chance of an Heir-Apparent Succeeding to an Estate Be Transferred?
A6: No, the chance of an heir-apparent succeeding to an estate, or similar mere possibilities, cannot be transferred.
Q7: Is It Possible to Transfer a Mere Right of Re-Entry for Breach of a Condition Subsequent?
A7: No, a mere right of re-entry for breach of a condition subsequent can only be transferred to the owner of the property affected.
Q8: Can an Easement Be Transferred Independently of the Dominant Heritage?
A8: No, an easement cannot be transferred apart from the dominant heritage.
Q9: Are There Restrictions on Transferring Interests in Property That Are Restricted to Personal Enjoyment?
A9: Yes, an interest in property that is restricted in its enjoyment to the owner personally cannot be transferred by him.
Q10: Can a Right to Future Maintenance Be Transferred?
A10: No, a right to future maintenance, regardless of how it arises, cannot be transferred.
Q11: Is a Mere Right to Sue Transferable?
A11: No, a mere right to sue cannot be transferred.
Q12: Can Public Offices or the Salaries of Public Officers Be Transferred?
A12: No, a public office cannot be transferred, nor can the salary of a public officer, whether before or after it has become payable.
Q13: What Types of Stipends Cannot Be Transferred?
A13: Stipends allowed to military, naval, air-force, civil pensioners of the Government, and political pensions cannot be transferred.
Q14: Under What Circumstances Can a Transfer Not Be Made?
A14: A transfer cannot be made if it is opposed to the nature of the interest affected, for an unlawful object or consideration, or to a person legally disqualified to be a transferee.
Q15: Are Tenants, Farmers, or Lessees Allowed to Assign Their Interests If They Have Untransferable Rights?
A15: No, nothing in this section authorizes a tenant with an untransferable right of occupancy, a farmer of an estate with defaulted revenue payments, or a lessee under the management of a Court of Wards to assign their interest.
Q16: Who Is Considered Competent to Transfer Property Under the Transfer of Property Act?
A16: Every person who is competent to contract and entitled to transferable property, or authorized to dispose of transferable property that is not their own, is considered competent to transfer such property.
Q17: What Happens to the Interest in Property During a Transfer Unless Stated Otherwise?
A17: Unless a different intention is expressed or necessarily implied, a transfer of property passes all the interest which the transferor is capable of passing in the property and its legal incidents to the transferee immediately.
Q18: What Happens if Property Is Transferred With a Condition That Absolutely Restrains Alienation?
A18: Such a condition or limitation is void, except in the case of a lease where the condition benefits the lessor or those claiming under him.
Q19: What Does the Rule Against Perpetuity State Regarding Property Transfers?
A19: No transfer of property can create an interest that takes effect after the lifetime of one or more persons living at the time of the transfer, and after the minority of any person who is in existence at the expiration of that period.
Q20: What Happens if a Property Transfer Creates an Interest Contingent on an Uncertain Event?
A20: The interest fails unless the specified event occurs before or at the same time as the intermediate or precedent interest ceases to exist.
Q21: What Happens to a Conditional Transfer of Property if the Condition Is Impossible to Fulfill?
A21: If the fulfillment of the condition is impossible, forbidden by law, or is considered immoral or opposed to public policy, the interest created by the transfer fails.
Q22: What Does "Fulfillment of Condition Precedent" Mean in the Context of Property Transfer?
A22: A condition precedent is a condition that must be fulfilled before a person can take an interest in the property. If the condition has been substantially complied with, it is deemed fulfilled.
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