Section 42 of TPA : Section 42: Transfer By Person Having Authority To Revoke Former Transfer

Explanation using Example

Imagine that Mr. Smith owns a plot of land and he transfers this land to Mr. Johnson with a clause that allows Mr. Smith to take back the land if certain conditions are met. This is known as reserving a power of revocation. Later, Mr. Smith decides to sell the land to Ms. Anderson for a sum of money. The sale to Ms. Anderson automatically cancels Mr. Johnson's rights to the land, as ...

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