The voluntary transfer of title to property without payment of consideration by the donee is known as a(n) ________.
A) adverse possession
B) future interest
C) gift
D) purchase

Question

Quizplus · Accepted Answer

A gift is considered the voluntary transfer of title to property without payment of consideration by the donee. Adverse possession refers to the occupation of land to which another person has title with no recognition of the other's rights, and with a claim of acquisition of title by continuous possession. A future interest refers to the right to the use or enjoyment of property at a future time. Purchase refers to the acquisition of property in exchange for a consideration, such as money or goods.

The Voluntary Transfer of Title to Property Without Payment of Consideration