Why is a conditional gift considered to be an incomplete gift?

A) It may be revoked by the donor.
B) It involves money transactions.
C) The donee may refuse the gift.
D) The donor is liable to the donee in the future.

Conditional Gift

A stipulation in which the transfer of an asset, money, or property is subject to fulfilling a specific condition by the receiver.

Incomplete Gift

A gift for which the legal process of transfer has not been entirely finalized or where the donor has retained some control over the gift.

Revoked

The act of officially withdrawing, canceling, or reversing a decision, privilege, or status.