Asked by Lupita Sanchez on May 10, 2024
Verified
Mark wants to give Susan his car. How can he effectively "deliver" it?
A) Only b y giving her a bill of sale for it .
B) Only by giving her an indorsed title certificate.
C) By allowing her take the car for a period of time.
D) By giving her an indorsed title certificate or by giving Susan the keys
Bill of Sale
A written document that transfers ownership of an asset from a seller to a buyer.
Indorsed Title Certificate
A title certificate that has been legally transferred to another party through the process of endorsement, indicating ownership.
Deliver
The act of transferring an item from one party to another, with the intent of giving control or ownership of the item.
- Elucidate the legal necessities for a legitimate gift, encompassing delivery and acceptance criteria.
Verified Answer
RA
Rosalba AlarconMay 11, 2024
Final Answer :
D
Explanation :
The effective delivery of a car can be accomplished by giving Susan an endorsed title certificate, which legally transfers ownership, or by giving her the keys, which represents physical delivery of the car.
Learning Objectives
- Elucidate the legal necessities for a legitimate gift, encompassing delivery and acceptance criteria.