alleryStart learning →Which feature also makes a transfer revocable?
AA fixed lock-in of five years
BA gift made to a minor child
CA transfer made by bank cheque
DA right to re-assume power
Answer & Solution
Correct answer: D. A right to re-assume power
Giving the transferor a right to re-assume power over the income or assets keeps control with him, so the transfer counts as revocable.
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