Section 127 of T. P. Act deals with:
Death-bed gift.
Incorrect AnswerOnerous gift.
Correct AnswerExchange.
Incorrect AnswerNone of the above.
Incorrect AnswerExplanation:
Onerous gift.
Section 127. 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.
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