In relation to 39 universal donee 39 under Section 128 of the Transfer of Property Act 1882 which on...........

Transfer of Property Act Gifts

In relation to 'universal donee' under Section 128 of the Transfer of Property Act, 1882, which one of the flowing statements is correct? Where a gift consists of the donor's whole property, A universal donee

Is also like an ordinary donee and hence a gift in his favour needs compliance of law contained in Section 123 of the said Act.

Becomes absolute owner of the donor's whole property.

Can take nothing by the gift unless he accepts the gift fully.

Personally liable for all the debts due by and liabilities of the donor.

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Explanation:

Personally liable for all the debts due by and liabilities of the donor.

According to section 128. Universal donee

Subject to the provisions of section 127, where a gift consists of the donor's whole property, the donee is personally liable for all the debts due by and liabilities of the donor at the time of the gift to the extent of the property comprised therein.