Chhattisgarh Pre 2003

Universal donee is:

Verified Answer
A. Not liable for any debt or liabilities
B. Donee is personally liable for all debts to liabilities existing at the time of gift
C. Donee is only liable for half of the liabilities
D. Donee is only liable for the one-third of liabilities

Explanation:

Section 128 of the Transfer of Property Act, 1882, defines a universal donee as one to whom the donor's whole property is transferred. Such a donee is personally liable for all the debts due by and liabilities of the donor at the time of the gift to the extent of the property comprised therein.