Legal Question in Business Law in India

'X' transfer his house to his daugther 'M' by way of gift. the gift deed executed by 'X' contained a direction that 'M' shall pay a sum of Rs. 5000 per month to 'N' consequently 'M' executed on instruement in favour of 'N' agreeing to pay the said sum but afterwords 'M' refused to pay the sum to 'N' saying that she is not liable to 'N" beacuse no consideration had moved from her. decide with reason under the ICact wheather 'M' is liable to pay 'N'


Asked on 2/08/17, 9:50 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

09.02.2017

Dear Sir / Madam,

Strictly speaking, a conditional gift is not a gift. A gift is unconditional, usually out of love and affection and without any monetary consideration. "X" cannot execute a conditional gift in favour of his daughter "M" which remains invalid and void. "M" is thus under no obligation to pay "N" any monies.

Regards,

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Answered on 2/09/17, 12:23 am


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