The voluntary transfer of property by one person to another without consideration or payment of any kind is a(n):
A) informal transfer.
B) will. nullity.
C) statutory transfer.
D) gift.

Question

Quizplus · Accepted Answer

The term used to describe a voluntary transfer of property without consideration or payment is a gift. Therefore, the best choice is D. A will is a legal document that outlines a person's wishes for the distribution of their property after death, so B is incorrect. An informal transfer and a statutory transfer are not specific legal terms relating to this context, so A and C are not applicable answers.

The Voluntary Transfer of Property by One Person to Another