Section 127 of TPA : Section 127: Onerous Gifts

TPA

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Explanation using Example

Imagine that Mr. Smith receives a gift from his aunt, which includes a luxury car and a piece of real estate. The car is free of any debts, but the real estate comes with a substantial unpaid mortgage that exceeds the property's value. According to Section 127 of the Transfer of Property Act, Mr. Smith must either accept both the car and the real estate with its debt (the mor...

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