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A transfers his house to B in trust for A and his intended wife successively for their lives and after the death of survivar, for the eldest son of the intended marriage for life and after his death for As second son. Whether the transfer to eldest son will take effect ? (iii) A gifts a lakh rupees to B. But A reserves a right to himself to take back Rs. 10,000/- out of one lakh at his pleasure; with the assent of B. Is the gift valid? (5 marks)
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