'Consideration' Need Not Be Monetary: Supreme Court Upholds Settlement Deed Requiring Transferee To Care For Transferors & Do Charity
4 months, 1 week ago

'Consideration' Need Not Be Monetary: Supreme Court Upholds Settlement Deed Requiring Transferee To Care For Transferors & Do Charity

Live Law  

The Supreme Court upheld a property transfer based on a settlement deed requiring the transferee to care for the transferors and perform charitable work. The respondents argued that the settlement deed was nothing but a gift deed because it was without consideration as taking care of the transferor and doing social work would not qualify as consideration. Observation Setting aside the High Court's decision, the judgment authored by Justice Karol observed that the 1963 deed was a settlement deed, not a gift deed. According to the court, consideration need not always be monetary, and the deed that transferred the property to Govindammal in consideration of her care for the transferors and her promise to continue charitable work would qualify as valid consideration under the law.

History of this topic

Delivery Of Possession Not Essential To Validate Gift/Settlement; Gift Document Can't Be Unilaterally Cancelled By Donor : Supreme Court
2 days, 12 hours ago
Plaintiffs Knew Of Sale Deed Execution, Didn't Move Trial Court To Add Transferee: MP High Court Upholds Order Declining Impleadment In Appeal
4 months, 2 weeks ago
Dispute Between Defendants Regarding Validity Of Sale Deed Can’t Be Considered In Suit For Possession Instituted By Plaintiff: Supreme Court
1 year, 10 months ago
Subsequent Purchaser After Issuance Of Notification Under Land Acquisition Act Can't Challenge Acquisition Proceedings: Madras High Court
2 years, 9 months ago
Law Does Not Permit A Person To Both Approbate & Reprobate, Party Can't Accept & Reject The Same Instrument: Madras High Court Reiterates
2 years, 10 months ago
Judgment Must Have Clarity On Exact Relief Granted So As To Avoid Difficulty In Execution : Supreme Court
3 years ago

Discover Related