Examlex
CAP
Valid Gift
A gift that meets all legal requirements to be considered legally effective, typically involving a clear intention to give, acceptance by the recipient, and delivery of the gift.
Delivery
The process of transferring goods from one party to another, completing the sale or fulfilling a term in a contract.
Acceptance
is the agreement to the terms of an offer, contract, or proposal, thus forming a binding contract between the parties.
Insurable Interest
A requirement that a person stands to suffer a financial loss or certain types of losses from the damage, loss, or destruction of the subject matter of the insurance policy.
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