Rule against perpetuity is described in:

Option A: Section 13 of the TPA

Option B: Section 14 of the TPA

Option C: Section 21 of the TPA

Option D: Section 22 of the TPA

Correct Answer

Option: b

Explanation

Rule against perpetuity.—No transfer of property can operate to create an interest which is to take effect after the lifetime of one or more persons living at the date of such transfer, and the minority of some person who shall be in existence at the expiration of that period, and to whom, if he attains full age, the interest created is to belong

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