Essentials of conditional transfer

Is a conditional transfer valid? What are the essentials of transfer? How effective is conditional cash transfer? What is conditional transfer of Property Act?

The condition imposed must be fulfilled before the actual transfer takes place. The interest created in the transfer will vest in the transferee after the fulfilment of the condition. When the condition precedent becomes impossible or immoral to be.

It means that any transfer that happens on the fulfilment of a condition that is imposed on the other party for the transfer of property. The requirement of A for B to get a job is called a condition. For any kind of a conditional transfer to be vali the condition that is imposed should not be: 1. Prohibited by law, 2. Should not be an act that involves fraudulent acts, 3. Any act that incurs any harm to any person or his property. Such transfer is void as the condition is prohibited by law. See full list on blog.

There are three specific types of conditions that are imposed in a transfer of property and there are some more types provided. It is important to know about provisions relating to this concept. This article conveys the basic principles and mechanisms behind these provisions, and how they fare out with practical examples that will help the reader relate it with the real time events.

Parties must be competent to Valid transfer 5) If on transfer an. From , the free encyclopedia. Jump to navigation Jump to search. Conditional cash transfer.

The government (or a charity) only transfers the money to persons who meet certain criteria. It also becomes important to distinguish a sale and lease in this article. The representation should be either fraudulent or erroneous. The transferee must act on the representation in good faith.

A) Transfer must be between two or more living Persons (Section.). The Transfer must be inter vivos. Therefore there cannot be a transfer to person not in existence at the time of transfer. The living person including company or Association or body of individuals whether incorporated or not.

Since the title does not transfer to the buyer until the completion of the conditions, the seller. Gift Deed can be conditional but the Gift Deed will be valid if transfer of the title is passed on immediately by the donor and accepted by the donee. Otherwise it will be treated as Will. In a conditional gift deed it can be mentioned that the donor will live in the premises gifted to the donee, till he dies. This extremely powerful feature was missing in many of the early computers of the 20th century.

An ostensible sale with transfer of possession and ownership, but containing a clause for re-conveyance in accordance with Section (c ) of the Act, will clothe the agreement as a mortgage by conditional sale. Two essentials have been prescribed for the transfer by way of gifts namely. No mention is made with regard to delivery of possession. One of the pre- requisite for registration is the transfer must be in writing and cannot be done orally. Transfer of Interest: To give effect to a mortgage it is necessary that there is the transfer of any immovable property to mortgagee until all the dues are recovered.

The reason is that it deals with certain doctrines having their Origin in the Common Law of Englan some totally alien to the Indian Concepts.