Transfer of Property Act, 1882
34. Transfer conditional on performance of act, time being
specified
Where an act is to be performed by a person either as a
condition to be fulfilled before an interest created on a transfer of property
is enjoyed by him, or as a condition on the non-fulfillment of which the
interest is to pass from him to another person, and a time is specified for the
performance of the act, if such performance within the specified time is
prevented by the fraud of a person who would be directly benefited by
non-fulfillment of the condition, such further time shall as against him be allowed
for performing the act as shall be requisite to make up for the delay caused by
such fraud. But if no time is specified for the performance of the act, then,
if its performance is by the fraud of a person interested in the
non-fulfillment of the condition rendered impossible or indefinitely postponed,
the condition shall as against him be deemed to have been fulfilled.