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Ownerous gift according to transfer of property act

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked about 3 years ago

Ownerous gift according to transfer of property act

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

When several things are attached and transferred as gift by single transaction and some of them are beneficial and others are burdensome, the donee takes nothing by gift unless he accepts it fully.

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Data?1494421730 rohit awasthi answered about 3 years ago

Dear Uma **Onerous gifts** Where a gift 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 unless he accepts it fully. Where a gift is in the form of two or more separate and independent transfers to the same person of several things, the donee is at liberty to accept one of them and refuse the others, although the former may be beneficial and the latter onerous. Onerous gift to disqualified person: A donee not competent to contract and accepting property burdened by any obligation is not bound by his acceptance. But if, after becoming competent to contract and being aware of the obligation, he retains the property given, he becomes so bound. Example - A has shares in X, a prosperous joint stock company, and also shares in Y, a joint stock company in difficulties. Heavy calls are expected in respect of the shares in Y. A gives B all his shares in joint stock companies. B refuses to accept the shares in Y. He cannot take the shares in X.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered about 3 years ago

**Onerous gift according to transfer of property act** Onerous gift means burdensome gift. When several things are attached and transferred as gift by single transaction and some of them are beneficial and others are burdensome, the donee takes nothing by gift unless he accepts it fully. Where the gift is in the form of 2 or more independent transfers the donee is at liberty to accept one of them and refuses the other. Thanks

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