Gift is the transfer of certain existing moveable or immoveable property made voluntarily and without consideration, by one person, called the donor, to another, called the donee, and accepted by or on behalf of the donee.
[*The relevant sections and statutes have been mentioned in brackets] Q.1 What is a power of attorney? Ans: Power of attorney includes any instrument empowering a specified person to act for and in the name of the person executing it. [Section 1A of The Powers of Attorney Act, 1882] By a power of attorney, one […]
What is a will? Will means the legal declaration of the intention of a testator with respect to his property which he desires to be carried into effect after his death. [S. 2(h)]
