Definition of the both e.g gift and will


GIFT WILL
1- when come into action:
at once
after the death of the party making it
2- limit on the right to transfer property:
no limit
can transfer only 1/3rd of the total property by will
3- acceptance of the benificiary:
donee must accept
not required
4- delivery of possession:
required at the time
no immidiate delivery is required
the gift is made
5- Doctrine of Musha:
it applies here
not apply here
6- Revocation
cannot be revocked
can be revocked at any time before death
or after delivery,except
in some cases

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