BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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restrictive rights to use; limited access to use
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limited use; transfer of ownership
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limited use; some access to
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transfer of ownership; restrictive rights to use
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Detailed explanation-1: -An easement is your right to use another person’s property. You could ask your neighbour not to construct his home in a way that blocks your normal passage, for example. Now, this right that you enjoy cannot be transferred to another person unless you are selling the property.
Detailed explanation-2: -For property transfer, the property should be ‘transferrable’. Some properties like the right to sue, the right to future maintenance, stipends to the air force/navy/political prisoners/civil pensioners and the chance of an heir-apparent to succeed to an estate are not transferrable.
Detailed explanation-3: -The general rule of the Transfer of Property Act is that any property can be transferred whether movable or immovable. Section 6 states that property of any kind can be transferred, except as otherwise provided by this act or by any other act for the time being in force.
Detailed explanation-4: -Peary Charon[10], it was held that a right to receive voluntary and uncertain offerings at worship are interest restricted to personal enjoyment and hence, cannot be transferred. The following kinds of interest can be held non-transferable: Services Tenure. Religious Office.