In Order to Constitute a Valid Gift

question 17

Multiple Choice

In order to constitute a valid gift:

• A) the donor must intend to transfer ownership of property immediately.
• B) the donee must accept the gift.
• C) the donor must deliver the gift property to the donee.
• D) All of the above are necessary for a valid gift.

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Definitions:

Transportation

The movement of goods or people from one location to another, which is a critical component of the supply chain.

Procurement

The process of acquiring goods, services, or works from an external source, often through tendering or competitive bidding.

Quantity Utility

Refers to the satisfaction or benefit derived from the amount of a product or service consumed or utilized.