Practicing Success
Which of the following is NOT an essential condition of a "Gift"? |
it is made voluntarily it is made without consideration it is valid even if the donee expires before accepting the gift none of the above |
it is valid even if the donee expires before accepting the gift |
A transfer of ownership of property that is made voluntarily and without consideration is called Gift (Section 122 of the TPA). The person making the transfer is called the donor and the person to whom it is made is called the donee. If the donee expires before accepting the gift, it becomes void. |