Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Topics of Law

Question:
Which of the following is NOT an essential condition of a "Gift"?
Options:
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
Correct Answer:
it is valid even if the donee expires before accepting the gift
Explanation:
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.