Directions: The question consists of two statements, one labelled as Principle(s) and the other as F….

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Directions: The question consists of two statements, one labelled as Principle(s) and the other as Facts. You are to examine the principle(s) and apply it/them to the given facts carefully and select the best option.

Principles:
1: Class I heirs are preferred over Class II heirs during inheritance.
2: Sister is a Class I heir while mother is a Class II heir and if there is no Class I heir, the property devolves upon Class II heir.
Facts: Rajat was a bachelor and founder of an investment company. This company was exclusively dedicated to trade and investment in crypto-currencies, like Bitcoin, Litcoin etc. He met with an accident in 2016 and died without a will. He was survived by his brothers and parents.
Who will inherit the property of Rajat?

Options :-

1. Both his father and mother will inherit equally due to absence of any sister.
2. Mother will inherit all his property as she is a Class II heir.
3. The investment company of which he is the owner.
4. Government will inherit all the property due to the absence of any sister.
5. None of the above

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Answer/ Explanation

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