Question
Legal Studies Question on Laws of Contract
Which of the following is the time limit given under Section 17 of the Transfer of Property Act, 1882?
A
Life of the transferee
B
A period of 18 years from the date of transfer.
C
Either (A) or (B) whichever is longer
D
Neither (A) nor (B)
Answer
A period of 18 years from the date of transfer.
Explanation
Solution
Section 17 of the Transfer of Property Act, 1882 provides a time limit of 18 years from the date of transfer.This provision applies in specific situations where the transfer has limitations tied to a time period.