Where an interest is created in favour of a person to take effect only on the happening of a specifi...........

Transfer of Property Act Others

Where an interest is created in favour of a person .to take effect only on the happening of a specified uncertain event, it is:

Vested. interest.

Contingent interest.

Absolute interest.

Conditional interest.

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Explanation:

- Vested Interest: This refers to an interest that is secured to a person, taking effect immediately, or upon the happening of an event that is certain to happen. It is unconditional and not dependent on any unknown event or condition.

- Contingent Interest: This type of interest arises when benefits are granted to a person but are dependent on the occurrence of a specific uncertain event. If the event does not happen, the interest may never take effect.

- Absolute Interest: This is an unconditional interest that allows complete ownership without any restrictions or conditions attached.

- Conditional Interest: This interest varies from contingent interest as it generally relates to a condition that modifies, or could cut short, an existing interest, rather than being a condition precedent like in contingent interest.