Asked by Jesse Mad3329 on Jun 11, 2024
Verified
Which of the following is a requirement of a valid gift?
A) An adult donor.
B) Payment of money.
C) A writing.
D) Delivery.
Valid Gift
A gift that meets all the legal requirements to be considered legally effective and transferred from one person to another.
Adult Donor
An individual of legal age who gives something voluntarily without receiving any compensation.
Delivery
The process of transporting goods from one place to another, or the act of transferring possession and control of an asset to another party.
- Familiarize yourself with the prerequisites for offering gifts and the legal outcomes that follow.
Verified Answer
AV
Ashley VianneyJun 13, 2024
Final Answer :
D
Explanation :
Delivery is a requirement of a valid gift. The donor must physically transfer the gift to the donee. An adult donor, payment of money, and a writing are not necessarily required for a valid gift.
Learning Objectives
- Familiarize yourself with the prerequisites for offering gifts and the legal outcomes that follow.