Only Gifts Given with Consideration Are Revocable

question 15

True/False

Only gifts given with consideration are revocable.

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Definitions:

Drawer

In banking and finance, a drawer refers to the party that writes and signs a check or draft, directing a bank or other financial institution to pay a specified amount to a named payee.

Time Certain

A term used to specify an exact time at which an event or action is planned to take place.

On Demand

Refers to goods, services, or information being available whenever requested by customers or users.

Negotiable

Capable of being transferred from one party to another in exchange for something of value, typically used in the context of financial instruments.