PRINCIPLE A gift comprising both existing and future property is void as to the latter FACTS X has a...........

PRINCIPLE: A gift comprising both existing and future property is void as to the latter.

FACTS: X has a house which is owned by him. He contracted to purchase a plot of land adjacent to the said house but the sale (of the plot of land) in his favour is yet to be completed. He makes a gift of both the properties (house and land) to Y.

Under the afore-mentioned circumstances, which of the following derivations is CORRECT?