QuestionMay 29, 2025

Which of the following is not an element necessary for a valid gift? Value given in exchange for the gift Intent to transfer ownership of the gift Actual or constructive delivery of the gift A willingness of the donee to take the gift from the donor

Which of the following is not an element necessary for a valid gift? Value given in exchange for the gift Intent to transfer ownership of the gift Actual or constructive delivery of the gift A willingness of the donee to take the gift from the donor
Which of the following is not an element necessary for a valid gift?
Value given in exchange for the gift
Intent to transfer ownership of the gift
Actual or constructive delivery of the gift
A willingness of the donee to take the gift from the donor

Solution
4.3(144 votes)

Answer

Value given in exchange for the gift Explanation A valid gift requires intent to transfer ownership, delivery, and acceptance by the donee. However, there is no requirement for value given in exchange; gifts are typically unconditional.

Explanation

A valid gift requires intent to transfer ownership, delivery, and acceptance by the donee. However, there is no requirement for value given in exchange; gifts are typically unconditional.
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