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September 24, 2022

<strong> EXECUTIONER OF A WILL</strong>
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INTRODUTION To start with this article we will first know the meaning of an executor and its legal definition.An executor is a person who manages the distribution of a decendent’s assets in line with the instructions of the decendant’s testator as stated in the will.In section2(c) of Indian Succession Act,1925 an “executor” means the person…

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<strong> EXECUTIONER OF A WILL</strong>
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INTRODUTION To start with this article we will first know the meaning of an executor and its legal definition.An executor is a person who manages the distribution of a decendent’s assets in line with the instructions of the decendant’s testator as stated in the will.In section2(c) of Indian Succession Act,1925 an “executor” means the person…

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Onerous Gift
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What is an Onerous Gift? Section 127 of The Transfer of Property Act, 1882 specifies that- “Where a gift is in the form of a single transfer to the same person of several things of which one is, and the others are not burdened by an obligation, the donee can take nothing by the gift…

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Contingent Contract
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Introduction: Section 31 of the Indian Contract Act, 1872 says that “a contingent contract is a contract to do or not to do something if some event collateral to such contract does or does not happen.” Section 32 to 36 defines the enforcement and possibilities of the contingent contract. Definition: A contract is a contingent…

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DOCTRINE OF LIS PENDENS
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Introduction A suit that is pending in any court of law is referred to as a lis pendens. It is a court action that is currently pending. Section 52 of the Transfer of Property Act of 1882 establishes the doctrine. This section is based on the maxim ‘ut lite pendente nihil innovetur,’ which states that…

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WHAT ARE EASEMENT RIGHTS?
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WHAT ARE EASEMENT RIGHTS? “An easement is a right which the owner or occupier of certain land possesses, as such, for the beneficial enjoyment of that land to do and continue doing something, or to prevent and continue to prevent something being done, in or upon, or in respect of certain other lands not his…

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READY RECKONER RATE IN INDIA
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WHAT IS READY RECKONER RATE? The Ready Reckoner rate, commonly known as the circle rate, is the lowest price at which a property must be recorded in the event of its transfer. All state governments publish area-based ready reckoner rates of properties once a year in order to prevent the avoidance of stamp tax via…

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