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1

The Guardian who does not possess the right of transfer of property of a minor

A

Natural Guardian
B

De-Facto Guardian
C

Legal Guardian
D

Guardian appointed by Court

2

The term actionable claim does not include any one of the following:

A

Claim for arrears of rent
B

A share in partnership
C

The right to the proceed of business
D

A debt secured by mortgage of immovable property

3

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

A

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

A lease with a covenant for renewal
C

It does not apply to vested interests
D

A fund is bequeathed to next seven generations

4

What is the meaning of the maxim equity acts in personam?

A

Equity enforces its behest by acting on the conscience of the person who is charged therewith
B

Equity looks on that as done which ought to have been done
C

Where there is equal equity the Law still prevail
D

None of the above

5

Which out of the following is not a kind of mortgage?

A

Mortgage by conditional sale
B

Usufructuary mortgage
C

English mortgage
D

Subrogation