Which of the Following Is a Way in Which a Gift

question 84

Multiple Choice

Which of the following is a way in which a gift differs from a purchase as a way of transferring ownership?

• A)Once delivered,a gift may be taken back by the person who gave the gift,whereas that is not true when an item is purchased.
• B)No consideration is needed for a gift.
• C)No written contract is needed for a gift,whereas it is needed for a purchase.
• D)No certificate of title is needed for a gift,whereas it is needed for a purchase.
• E)A mere possessory right accompanies a gift,whereas an ownership right accompanies acquisition of property by purchase.