INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 25

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-When a father deposits cash in a bank account held jointly with his daughter,a gift is made with the [father's deposit | daughter's withdrawal].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

---

Definitions:

Enforceable

Capable of being imposed or carried out by legal process or authority.

Single Promise

A commitment or agreement involving one clear and unambiguous obligation or stipulation.

Promissory Estoppel

Promissory Estoppel is a legal principle that prevents a person from going back on a promise, even if it wasn't formally made as a contract, provided others have relied on the promise to their detriment.

Property Manager

An individual or company responsible for the maintenance and operation of real estate properties, acting on behalf of the property owner.