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    Vested and Contingent Intrest

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    Anonymous V4y6rQ
    This document provides an introduction to a project on vested interest and contingent interest under property laws in India. It defines vested interest as one where the time of taking effect is not specified or is specified as immediate or upon a certain event happening. Contingent interest is defined as one taking effect upon an uncertain future event. The objectives are to identify the ingredients of each type of interest and their differences. The document outlines several chapters that will be included, such as rights and duties under each, exceptions, and case laws. It describes the doctrinal research methodology used, drawing from web and library sources, with a descriptive and analytical writing approach.

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    Vested and Contingent Intrest

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    Anonymous V4y6rQ
    63 views3 pages
    This document provides an introduction to a project on vested interest and contingent interest under property laws in India. It defines vested interest as one where the time of taking effect is not specified or is specified as immediate or upon a certain event happening. Contingent interest is defined as one taking effect upon an uncertain future event. The objectives are to identify the ingredients of each type of interest and their differences. The document outlines several chapters that will be included, such as rights and duties under each, exceptions, and case laws. It describes the doctrinal research methodology used, drawing from web and library sources, with a descriptive and analytical writing approach.

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    vested and contingent intrest

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    This document provides an introduction to a project on vested interest and contingent interest under property laws in India. It defines vested interest as one where the time of taking effect is not specified or is specified as immediate or upon a certain event happening. Contingent interest is defined as one taking effect upon an uncertain future event. The objectives are to identify the ingredients of each type of interest and their differences. The document outlines several chapters that will be included, such as rights and duties under each, exceptions, and case laws. It describes the doctrinal research methodology used, drawing from web and library sources, with a descriptive and analytical writing approach.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    63 views3 pages

    Vested and Contingent Intrest

    Uploaded by

    Anonymous V4y6rQ
    This document provides an introduction to a project on vested interest and contingent interest under property laws in India. It defines vested interest as one where the time of taking effect is not specified or is specified as immediate or upon a certain event happening. Contingent interest is defined as one taking effect upon an uncertain future event. The objectives are to identify the ingredients of each type of interest and their differences. The document outlines several chapters that will be included, such as rights and duties under each, exceptions, and case laws. It describes the doctrinal research methodology used, drawing from web and library sources, with a descriptive and analytical writing approach.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    CHANAKYA NATIONAL LAW UNIVERSITY

    PATNA

    SUBJECT:
    PROPERTY LAWS

    PROJECT ON:
    VESTED INTEREST & CONTINGENT INTEREST

    SUBMITTED TO:-
    DR. P.V. SITA RAMA RAO
    SUBMITTED BY:-
    HITESH RAJ SAYEM
    B.B.A.L.L.B.
    R.NO.-161413
    3RD SEMESTER
    INTRODUCTION
    Vested Interest here means on a transfer of property, an interest therein is created in favor of a
    person without specifying the time when it is to take effect, or in terms specifying that it is to
    take effect forthwith or on the happening of an event which must happen, such interest is vested,
    unless a contrary intention appears from the terms of the transfer. A vested interest is not
    defeated by the death of the transferee before he obtains possession.

    Contingent Interest here means, on a transfer of property, an interest therein is created in favor
    of a person to take effect only on the happening of a specified uncertain event, or if a specified
    uncertain event shall not happen, such person thereby acquires a contingent interest in the
    property. Such interest becomes a vested interest, in the former case, on the happening of the
    event, in the latter, when the happening of the event becomes impossible.

    OBJECTIVES OF STUDY
    The Objective of this research is to find the ingredients of the Vested Interest and Contingent
    Interest , to find the differences and similarities between these two kinds of interests.

    EXCEPTIONS

    Under Vested Interest : Where, on a transfer of property, an interest therein is created in favor of a
    person without specifying the time when it is to take effect, or in terms specifying that it is to take effect
    forthwith or on the happening of an event which must happen, such interest is vested, unless a contrary
    intention appears from the terms of the transfer. A vested interest is not defeated by the death of the
    transferee before he obtains possession.

    Under Contingent Interest : Where, under a transfer of property, a person becomes entitled to an
    interest therein upon attaining a particular age, and the transferor also gives to him absolutely the income
    to arise from such interest before he reaches that age, or directs the income or so much thereof as may
    be necessary to be applied for his benefit, such interest is not contingent.

    LIST OF CHAPTERS

    CHAPTER ONE- Introduction

    CHAPTER TWO- Rights & Duties under Vested Interest


    CHAPTER THREE- Rights & Duties under Contingent Interest

    CHAPTER FOUR- Exceptions of Vested Interest & Contingent Interest

    CHAPTER FIVE- Case Laws

    CHAPTER SIX- Conclusion

    CHAPTER SEVEN- Bibliography

    RESEARCH METHODOLOGY

    The project involves doctrinal forms of sources. As far as the doctrinal sources are concerned,
    they primarily include the web, books and newspaper articles.

    The method of writing this project will be a mixture of descriptive and analytical. Various
    literary works from the library and internet were used as reference for making this rough draft as
    well.

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