A gives his Car to B. B accepts the car, but does not pay anything in return for the car. This is known as ______. |
Sale Lease Exchange Gift |
Gift |
The correct answer is Option (4) → Gift A gift is a voluntary transfer of property from one person (the donor) to another (the donee) without receiving anything in return. In this scenario, A is giving the car to B without expecting any payment, making it a gift. |