Which of the following is true of a gift inter vivos?
A)It is made between living persons without conditions attached.
B)It is made by someone contemplating death in the future.
C)The gift is made with the intent to transfer the property at a future date.
D)The donor has the power to revoke this gift before he dies.
E)The donee loses title if the donor does not die.

Question

Quizplus · Accepted Answer

A gift inter vivos is a gift made between living persons without any conditions attached. The gift becomes irrevocable once it is made, and the donor cannot take it back. The donee receives immediate title to the property. The transfer of the property is not dependent on the donor's death, unlike a gift causa mortis, which is made in contemplation of death.

Which of the Following Is True of a Gift Inter