Question

‘X’ transfers his property in favor of an unborn person ‘Y’ in accordance with the principle of Section 13 of the Transfer of Property Act 1882. ‘Y’ acquires interest in the property upon his birth, although ‘Y’ is not entitled to enjoy the property immediately on his birth. The interest of ‘Y’ in the property is:

• A. Contingent interest
• B. Vested interest
• C. Future interest
• D. Irregular interest

Answer 1

The Correct Option is B

The interest of ‘Y’ is vested, as per the Transfer of Property Act 1882, once ‘Y’ is born.