Question
Legal Studies Question on Property Law
When does a contingent interest become a vested interest under the provisions of the Transfer of Property Act, 1882?
A
on the happening of the event
B
contingent interest never becomes a vested interest
C
as per the contract between by the parties
D
as per the local usage
Answer
on the happening of the event
Explanation
Solution
The correct answer is option (A):on the happening of the event.