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Property can be transferred in the favour of Minor person?
No
Yes
Both A & B
None
- Option 1: No
- This implies that property cannot be transferred to a minor. However, minors can hold property, though they cannot independently manage it until they turn 18. A legal guardian would manage the property.
- Option 2: Yes
- Property can indeed be transferred to a minor. However, the minor cannot manage the property and would need a guardian or trustee to do so. This ensures the property is used in the minor's best interests.
- Option 3: Both A & B
- This is contradictory because both options cannot be correct at the same time. The transferability of property to a minor is not mutually exclusive.
- Option 4: None
- This would suggest none of the above options are correct, which isn't the case. Property can be transferred to minors under certain conditions.
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