Which of the following statements is true regarding a gift?
A) A valid completed gift cannot be taken back by the donor.
B) The donor gives the property to another with the intention of receiving some consideration in return.
C) The donee cannot bequeath the gift to someone else through a will.
D) The donee cannot sell the gift.

Question

Quizplus · Accepted Answer

For a gift to be created the donor must have a present intention to give the property to another with no intent to receive consideration in return. A valid completed gift cannot be taken back by the donor, and the donee can now do whatever he or she wishes with the gift.

Which of the Following Statements Is True Regarding a Gift