Examlex
Which of the following statements is correct?
Valid Gift
A legal principle referring to a voluntarily transfer of property or a right from one individual to another, without any consideration or payment.
Consideration
The value (which can be in the form of goods, services, money, or a promise) exchanged between parties in a contract, making the agreement legally binding.
Delivery
In legal and commercial contexts, delivery refers to the act of transferring possession or control of an item, asset, or document from one party to another.
Acceptance
The agreement to the terms of an offer, contract, or proposal, thereby creating a binding contract.
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