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Any instrument (other than a will or codicil as defined by the Indian Succession Act) whereby the destination or devolution of successive interest in movable and immovable property is disposed of or is agreed to be disposed of is called ?

Correct answer: D. Settlement

  • A. Affidavit
  • B. Power of attorney
  • C. Instrument
  • D. Settlement

Explanation

A settlement is an instrument that arranges the devolution or successive enjoyment of interests in property, excluding a will or codicil. An affidavit and power of attorney serve different evidentiary or agency functions.

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