Legal Definitions Quiz: Obligation, Settlement, Trust
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Questions and Answers

In the context of the Act, what is the meaning of 'obligation'?

  • An instrument disposing of successive interests in property
  • A legal document related to wills and codicils
  • Every duty enforceable by law (correct)
  • A type of trust as defined in the Indian Trusts Act, 1882

    • How is 'trust' defined in the Act?

  • An instrument disposing of successive interests in property
  • Having the same meaning as in section 3 of the Indian Trusts Act, 1882 (correct)
  • An obligation enforceable by law
  • A legal document related to wills and codicils

    • Who does the term 'trustee' include as per the Act?

  • A legal document related to wills and codicils
  • A type of trust as defined in the Indian Trusts Act, 1882
  • Every person holding property in trust (correct)
  • An instrument disposing of successive interests in property

    • Where can one find the meanings of undefined words and expressions used in the Act?

    <p>Indian Contract Act, 1872</p> Signup and view all the answers

    True or false: 'Settlement' includes a will or codicil as defined by the Indian Succession Act, 1925?

    <p>False</p> Signup and view all the answers

    True or false: The term 'trustee' includes only individuals holding property in trust as per the Act?

    <p>False</p> Signup and view all the answers

    True or false: The Indian Trusts Act, 1882 is referenced in the definition of 'trust' in the Act?

    <p>True</p> Signup and view all the answers

    True or false: The Indian Contract Act, 1872 does not define any words or expressions used in the Act?

    <p>False</p> Signup and view all the answers

    True or false: 'Obligation' in the Act only refers to duties not enforceable by law?

    <p>False</p> Signup and view all the answers

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