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LIVING PERSON
Living person includes a company or
association or body of individuals, whether
incorporated or not, but nothing herein
contained shall affect any law time being in
force relating to transfer of property to or by
companies association or body of individuals
Spes Successionis
A chance of an heir-apparent succeeding to an
estate, the chance of a relation obtaining a
legacy on the death of a kinsman, or any other
mere possibility of a like nature, cannot be
transferred
SPES SUCCESSIONIS
Abdull Kafoor and Another v. Abdul Razack and Another
Karpagathachi v. Nagarathinathaci
The property of a minor was sold by his father without any legal
necessity or with the permission of the court. Therefore, the
sale was voidable at the option of the son who was the real
owner.
Any one purchasing the property from the son on attaining
majority will be entitled to file a suit for setting aside the sale
made by the father within 3 years of attaining majority by the
minor son. It was also observed that when the minor son
transferred the property on attaining majority, has right to
defeat existing adverse claims on property was also
transferred