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Home Questions HJ7E43MFXD
Target Exam

CUET

Subject

Legal Studies

Chapter

Topics of Law

Question:

A gives his car to B. B accepts the car. But B does not pay anything in return for the car. This is known as:

Options:

Sale

Lease

Exchange

Gift

Correct Answer:

Gift

Explanation:

This transaction is known as: Gift

In this scenario, A gives his car to B, and B accepts the car without paying anything in return. When property is transferred without any consideration (monetary or otherwise) and with the intention of making a gift, it is categorized as a gift.

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