Marcus executes a deed to the family farm and leaves it in his safe-deposit box for delivery to Beth when he dies.Marcus has died.Which of the following statements is true?
A)The attempted gift will not be valid because Marcus did not deliver the gift during his lifetime.
B)Beth is the rightful owner of the farm because the deed was properly executed.
C)The attempted gift will not be valid because Beth did not have possession of the deed at the time Marcus died.
D)Marcus did not need to have intended to make a gift for the gift to be valid.

Question

Quizplus · Accepted Answer

For a gift of real property to be valid,the donor must deliver a properly executed deed to the donee or to some third person who is to hold it for the donee.

Marcus Executes a Deed to the Family Farm and Leaves