Section 21 of TPA : Section 21: Contingent Interest
TPA
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Explanation using Example
Imagine a situation where Mr. Sharma owns a piece of land and decides to transfer it to his niece, Priya, but the transfer is conditional. The condition is that Priya will only become the owner of the land if she graduates from college by the age of 25. This creates a contingent interest in the property for Priya because her ownership is dependent on a specified uncertain event - her graduation by a certain age.
If Pr...
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