Conditional Gift

Gift - Conditional gift with no recital of acceptance and no evidence in proof of acceptance, where possession remains with the donor as long as he is alive, does not become complete during lifetime of the donor - When a gift is incomplete and title remains with the donor, the deed of gift might be cancelled - A conditional gift only becomes complete on compliance of the conditions in the deed - Transfer of Property Act, 1882, Section 122.

#2020 SCeJ 2261