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:

Industrial Regulation

Governmental regulation of industries to ensure competition, control prices, prevent monopolies, and protect consumers.

Social Regulation

A form of government intervention in the private sector that aims to protect public welfare, health, safety, and the environment.

Costs Of Production

The total expenses incurred by a company to manufacture a product or provide a service, including materials, labor, and overhead.

Natural Monopolies

Situations in which a single firm can supply a good or service to an entire market at a lower cost than what it would be if there were multiple firms due to economies of scale.