Correct option is A
Assertion (A) states that transfer in perpetuity is allowed for the benefit of the public. This is true because, under the law, certain exceptions to the rule against perpetuities allow transfers for public purposes, such as charities, religious endowments, and trusts created for the benefit of the public.
Reason (R) is also true, as it highlights that the welfare of the public at large takes precedence over individual interests. The law recognizes that public welfare and interest should be prioritized, which justifies allowing transfers in perpetuity when they serve public or charitable purposes.
Therefore, A & R both are true and R is the correct explanation of A.
Information Booster:
1. Rule Against Perpetuities (Section 14 TPA): Generally, prohibits the creation of future interests that could last indefinitely, promoting the free alienation of property.
2. Exceptions for Public Benefit: The rule against perpetuity does not apply to transfers for charitable or religious purposes or trusts for public benefit, which can exist perpetually.
3. Public Welfare: The principle of public welfare often supersedes individual property rights, justifying laws that allow perpetual trusts or endowments for the public good.
4. Legal Framework: Legal provisions, including those under the Transfer of Property Act and Indian Trusts Act, accommodate these exceptions for the greater good of society.
5. Charitable Trusts: Charitable trusts are a prime example of perpetuities allowed under law, as they are intended to serve public interests indefinitely.
Additional Information:
· Section 18 of TPA: Permits the creation of transfers in perpetuity for the benefit of the public, ensuring that certain properties can be used indefinitely for charitable or public purposes.
· Public Trusts: Public trusts are legally recognized entities that can exist perpetually, serving public needs such as education, healthcare, and religion.
· Private vs. Public Interest: The law often balances private property rights with the need to serve public interests, allowing perpetual arrangements in specific contexts.
