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Introduction to Debentures

When the gove...

Question

When the government acquires the property of a person who dies without having any legal heirs, it is known as

A

License fees

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B

Escheat

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C

Forfeitures

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D

Gifts and grants

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Solution

The correct option is B
Escheat

Under the Right of Escheat, the government may acquire the property, bank balances, etc., of a person who dies without having any legal heirs or without any will.

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Similar questions

Q. ___________ refers to the claim of the government on the property of a deceased person, in case, no legal heir or will is left behind.

Q. License fee is paid to the government authority for a offering privilege.

Q. With reference to intellectual property rights, consider the following statements regarding Compulsory Licensing:

Select the correct answer using the code given below:

1 only
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Q. PRINCIPLE: If a person transfers movable or immovable property with its full ownership and without any consideration to some other person, then it is called a gift.
FACTS: S, who has no child of his own, makes a gift of his house worth Rs. 25 lacs to his nephew R. After completing all the legal formalities required for a valid gift, S says to R that in case of need R will provide that house to S for use without any questions. R does not react to it. After one year of this gift, S really needs that house and request R to make the house available to him, but R refuses to do so.

Q. LEGAL PRINCIPLE: A power conferred by a statute cannot be withdrawn by a subordinate legislation.

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