Why Is a Conditional Gift Considered to Be an Incomplete

question 86

Multiple Choice

Why is a conditional gift considered to be an incomplete gift?

• A)It may be revoked by the donor.
• B)It involves money transactions.
• C)The donee may refuse the gift.
• D)The donor is liable to the donee in the future.

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Definitions:

Standard of Living

The degree of wealth, comfort, material goods, and necessities available to a person, group, or society.

Income Earners

are individuals or entities that receive income through work, investments, or other sources.

Total Income

The sum of all earnings generated by an individual or entity, including wages, salaries, business revenues, and investment returns.

Income Earners

Individuals or entities that receive compensation for providing goods or services, or through investments.