In order to constitute a valid gift:
A) the donor must intend to transfer ownership of property immediately.
B) the donee must accept the gift.
C) the donor must deliver the gift property to the donee.
D) All of the above are necessary for a valid gift.

Question

Quizplus · Accepted Answer

All three elements are necessary for a valid gift. The donor must intend to transfer ownership, the donee must accept the gift, and the property must be delivered to the donee. Without any one of these elements, the gift may not be valid.

In Order to Constitute a Valid Gift