In the following items Match List I with List II and select the answer using the code given below the Lists : Code :
List I (Word/Expression/Specialised term) List II (Meaning) A. Bequeath 1. To pledge property as a security B. Mortgage 2. To leave property for beneficiary via a will C. Endowment 3. Agreement for use of property against rent D. Lease 4. To grant funds for running a socially-beneficial institution
A B C D
| A | B | C | D |
| 2 | 1 | 4 | 3 |
Matching Legal Terms: List I and List II
The question requires matching terms from List I with their correct meanings in List II.
Term Explanations and Matches:
- A. Bequeath: This term refers to the act of formally giving property to someone through a legal document called a will. It corresponds to meaning 2. To leave property for beneficiary via a will.
- B. Mortgage: A mortgage is a legal agreement where a person borrows money, usually to buy property, and pledges that property as security for the loan. This matches meaning 1. To pledge property as a security.
- C. Endowment: An endowment typically involves donating a sum of money or property, often to an institution, specifically for a particular purpose, like funding operations or a specific program. This aligns with meaning 4. To grant funds for running a socially-beneficial institution.
- D. Lease: A lease is a contract outlining the terms under which one party agrees to rent property owned by another party. It specifies rent, duration, and rules. This matches meaning 3. Agreement for use of property against rent.
Selecting the Correct Code:
Based on the matching:
- A matches with 2
- B matches with 1
- C matches with 4
- D matches with 3
The code representing this sequence is 2 1 4 3.
Therefore, the correct option is the one that lists the matches as A-2, B-1, C-4, D-3.
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