Does rule against perpetuity followd to personal contracts ........

Transfer of Property Act Transfer of Property

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Does rule against perpetuity followd to personal contracts?

Yes

Both A & B

None

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Explanation:

- The Rule Against Perpetuity (RAP) is a legal principle that mainly applies to property transfers, such as trusts and estates.

- It is designed to prevent interests in property from being tied up for too long, usually beyond a certain number of years after the death of a living person.

- Personal contracts, which are agreements between individuals involving personal obligations, are generally not covered by the Rule Against Perpetuity.

- The RAP is not relevant to personal contractual arrangements unless those contracts attempt to create interests in property that might vest in the remote future.

Correct Answer:

Option:2, No