|
DISTINCTION IN TERMS OF
|
WILL /WASIYAT
|
GIFT/ HIBA
|
|
AS
TO COMPLETION
|
Will
is aeculted after the death of the testator.
|
Gift
is completed during the life time of the donor.
|
|
AS
TO CONDITION
|
Will
is dependant upon a condition i.e. the death of the testator.
|
Gift
is operated immediately.
|
|
AS
TO REVOCATION
|
Will
can be revoked at any time before the death of the testator.
|
Gift
is usually revocable after the delivery of the possession.
|
|
AS
TO LIMITATION
|
In
a will the right of making a will is limited in two ways – in respect of the
person in whose favour the bequest is made and as to the extent to which he
can dispose the property.
|
In
a gift the right of donor to gift is unrestricted.
|
|
AS
TO EXISTENCE OF SUBJECT MATTER
|
It
is not necessary that subject matter of the will must be in existence at the
time of making the will.
|
The
subject matter of gift must be in existence at the time of making the gift.
|
|
AS
TO DELIVERY OF POSSESSION
|
Delivery
of possession is not required in case of a will.
|
In
a gift there must be delivery of the possession of the property to the donee.
|
|
AS
TO DOCTRINE OF MUSHAA
|
The
doctrine of musha has no application in case of will.
|
The
doctrine of musha is applicable in case of a gift.
|
|
AS
TO ACCEPTANCE
|
In
will acceptance by the legatee is not necessary.
|
In
gift acceptance by the donee is necessary.
|
|
AS
TO REGISTRATION
|
Registration
of will is optional.
|
Registration
of gift must be done under the Registration Act.
|
|
AS
TO INSANITY
|
The
subsequent insanity of the testator makes the will void.
|
Gift
after the delivery of the possession is irrevocable on the ground of
insanity.
|
|
AS
TO CONSIDERATION
|
A
will is always without a consideration.
|
In
some cases, there is consideration in gift.
|
Authors: PALLAVI CHIKKALA
International Journal for Legal Research and Analysis
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