Question
Legal Studies Question on Property Law
Where, on a transfer of property, an interest therein is created in favour of a person to take effect only on the happening of a specified uncertain event, or if a specified uncertain event shall not happen, such person thereby acquires:
A
A contingent interest in the property.
B
An express interest in the property.
C
A perfect interest in the property.
D
An implied interest in the property.
Answer
A contingent interest in the property.
Explanation
Solution
The correct option is (A):A contingent interest in the property.