"126. When gift may be suspended or revoked. The
donor and donee may agree that on the happening of any
specified event which does not depend on the will of the
donor a gift shall be suspended or revoked; but a gift which
the parties agree shall be revocable wholly or in part, at the
mere will of the donor, is void wholly or in part, as the case
may be.
A gift may also be revoked in any of the cases (save want or
failure of consideration) in which, if it were a contract, it
might be rescinded.
Save as aforesaid, a gift cannot be revoked.
Nothing contained in this section shall be deemed to affect
the rights of transferees for consideration without notice."
hen gift may be suspended or revoked. “126. When gift may be suspended or revoked. « advocatemmmohan
