A _____ is a voluntary transfer of property without consideration or compensation, which takes effect immediately, upon preparation of the documents.
A) promise
B) will
C) grant
D) gift
E) sale

Question

Quizplus · Accepted Answer

A gift is a voluntary transfer of property without consideration, which takes effect immediately upon preparation of the documents. Promises, wills, grants, and sales involve consideration or compensation.

A _____ Is a Voluntary Transfer of Property Without Consideration