Which of the following does not constitute exception to the rule against perpetuity?

Option A: A fund is bequeathed to next seven generations

Option B: Where a property is transferred for the benefit of public

Option C: It does not apply to vested interest

Option D: A lease with a covenant for renewal

Correct Answer

Option: a

Explanation

Section 14 of the The Transfer of Property Act, 1882 (TPA) is rightly called ‘Rule against perpetuity as it limits the maximum time period beyond which property cannot be transferred…. Following are the nine exceptions to the rule against perpetuity: (1) Vested interest is not affected by the rule because once the interest are vested it cannot be bad for remoteness. (2) The rule is not applicable to land purchased or held by Corporation.(3) Gift to charities, the rule does not apply to transfer for the benefit of public for religious, pious, or charitable purposes. (4) Properties settled upon individuals for memorable Public Service. (5) The rule against perpetuity does not apply to Personal agreement, for example, agreement which do not create any interest in the property. (6) A covenant of redemption in mortgage does not affect by the rules the rule. (7) The does not apply to contacts for Perpetual renewal of lease. (8) The rule also does not apply where only charges is created which does not amount to a transfer of an interest. (9) Contract of pre-emption also not affected by rule against perpetuity. .

Sample Mock Tests for Practice

THE HIMACHAL PRADESH EXCISE ACT, 2011 (PAPER 01 Q. NO. 1 TO 16)

THE MADHYA PRASESH LAND REVENUE CODE, 1959 (PAPER 02 Q. NO. 31 TO 44)

THE TRANSFER OF PROPERTY ACT, 1882 (PAPER 06 Q.NO. 201 TO 240)

HIMACHAL PARDESH LOWER JUDICIAL SERVICES 2016-1

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 03 Q. NO. 81 TO 120)

THE LAW OF TORTS (PAPER 04 Q. NO. 136 TO 180)

THE INDIAN CONTRACT ACT, 1872 (PAPER – 09 Q. NO. 281 TO 315)

THE CONSTITUTION OF INDIA, 1949 (PAPER – 03 Q. NO. 71 TO 105)

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 14 Q. NO. 521 TO 560)

THE ARBITRATION AND CONCILIATION ACT, 1996 (PAPER 04 Q. NO. 91 TO 116)

THE CONSTITUTION OF INDIA, 1949 (PAPER – 09 Q. NO. 281 TO 315)

DELHI LOWER JUDICIARY 2008

CLAT 2014

UTTAR PARDESH LOWER JUDICIAL SERVICES G.K. EXAM 2018

THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 04 Q. NO. 121 TO 160)

CLAT 2016

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 05 Q. NO. 161 TO 200)

DELHI LOWER JUDICIAL SERVICES 2019

THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 02 Q. NO. 41 TO 80)

MADHYA PARDESH LOWER JUDICIAL SERVICES 1998

THE SPECIFIC RELIEF ACT, 1963 (PAPER – 01 Q. NO. 1 TO 35)

THE SPECIFIC RELIEF ACT, 1963 (PAPER – 07 Q. NO. 211 TO 231)

The Hindu Marriage Act, 1955 (Paper 02: Q. 26 TO 50)

MADHYA PRADESH LOWER JUDICIAL SERVICES 2019(1)

DELHI LOWER JUDICIAL SERVICES 2018-2

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 18 Q. NO. 681 TO 720)

THE HINDU MINORITY AND GUARDIANSHIP ACT, 1956 (PAPER -01 Q. NO. 1 TO 14)

CLAT 2021

THE SPECIFIC RELIEF ACT, 1963 (PAPER – 03 Q. NO. 71 TO 105)

THE HIMACHAL PRADESH COURTS ACT, 1976 (PAPER 01 Q. NO. 1 TO 23)

UTTARAKHAND LOWER JUDICIAL SERVICES 2019

UTTARAKHAND LOWER JUDICIAL SERVICES 2002

THE LAW OF ADMINISTRATION (PAPER 01 Q. NO. 1 TO 30)

THE LIMITATION ACT, 1963 (PAPER 05 Q. NO. 161 TO 200)

AILET – National Law University Delhi Entrance Test (NLU 2019)

THE HIMACHAL PRADESH URBAN RENT CONTROL ACT, 1987 (PAPER 02 Q. NO. 31 TO 60)