Where, on a transfer of property, an interest therein is to accrue to a specified person if a specified uncertain event shall happen, and no time is mentioned for the occurrence of that event, the interest fails unless such event happens before, or at the same time as, the intermediate or precedent interest ceases to exist.
CHAPTER II OF TRANSFERS OF PROPERTY BY ACT OF PARTIES · (A) Transfer of Property, whether moveable or immoveable
Section 23: Transfer contingent on happening of specified uncertain event
The Transfer of Property Act, 1882
Questions on this section
1 question in 4 of our papers cite Section 23. Try these from the free papers:
1. Under Section 23 of the Transfer of Property Act, 1882, where an interest is to accrue to a specified person if a specified uncertain event happens, and no time is mentioned for the occurrence of the event, the interest fails unless the event happens: