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Question : _____________ is the income of the government, which arises out of the property left by the people without a legal heir.

Option 1: Escheat

Option 2: Moot

Option 3: Felony

Option 4: Lien


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Escheat


Solution : The correct answer is Escheat .

The term "escheat,"  which describes the government's claim over a deceased person's property in the absence of a will or legal heir, refers to non-tax revenue. This is one way the government makes money. When assets remain unclaimed for an extended period, escheat rights may also be awarded. These circumstances are also known as unclaimed property or bona vacantia.

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