BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Intestate means when person dies without making a will, which is capable of taking effect. The property devolves upon the wife or husband or upon the relatives of the deceased in the following manner. If A has left no will-He has died intestate in respect of the whole of his property.
Detailed explanation-2: -The section 30 of the Indian Succession Act, 1925 explains intestate as-a person is deemed to die intestate in respect of all property of which he has not made a testamentary disposition or in other words, he has left no will.
Detailed explanation-3: -As per the Hindu Succession Act, 1965, if a person dies intestate, his property would go to Class I heirs. If the Class I heirs do not exist, then the property would be delegated to Class II heirs. However, if both the Class I and Class II heirs are not alive, then the property would be transferred to Agnates.