Correct option is B
If the donee dies before accepting the gift, the gift is rendered void. A gift requires acceptance during the lifetime of both the donor and donee, and the donee's death before acceptance prevents the gift from taking effect.
Information Booster: As per Section 122 of the Transfer of Property Act, 1882, a gift is defined as the transfer of certain existing movable or immovable property made voluntarily and without consideration, by one person, called the donor, to another, called the donee, and accepted by or on behalf of the donee. The acceptance must be made during the lifetime of the donor and the donee. If the donee dies before acceptance, the gift becomes void.
Additional Knowledge:
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(a) Gift is valid: A gift can only be valid if the donee accepts it before their death. Hence, this option is incorrect.
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(c) Gift is reduced: There is no concept of a gift being "reduced" under the law. Either the gift is valid or void depending on the circumstances.
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(d) Court has to decide: The court only plays a role in determining the validity of a gift in case of disputes, but the law clearly states that if the donee dies before acceptance, the gift is void.