[Disputed Ring] While Working in the Yard Megan Found a Beat

question 50

Multiple Choice

[Disputed Ring] While working in the yard Megan found a beat up ring.Taylor,an eighteen-year-old teenager and neighbor,came over to visit and liked the ring.Megan told her,"You can have this old thing if you would like." Taylor replied,"I really like it - Maybe it's a real diamond!" Megan laughingly told her that there was a one in a billion chance of that and that Megan was more likely to win the lottery.A few months later Taylor ran over to Megan's house and told Megan that the ring actually was a diamond worth thousands! Taylor gave Megan the ring to examine.Megan put it in her pocket and told Taylor that she would never have given it to her if she had realized its value and that possession was back where it had always belonged.Megan also told Taylor that Taylor failed legally to accept the gift because neither party knew its true value and that because Megan did not sign any document turning over title,it was impossible for legal ownership to pass.Taylor sues.
-Which of the following terms best describes the type of gift,if any,at issue?

• A)A gift causa vivos
• B)A gift causa mortis
• C)A gift inter vivos
• D)A gift inter mortis
• E)There was no gift because Megan did not realize the ring's value.

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Definitions:

Population Parameter

A value that accurately represents a particular characteristic of an entire population.

Sampling Distribution

The probability distribution of a given statistic based on a large number of samples drawn from a specific population.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values from the mean, indicating how spread out the data points are.

Standard Deviation

A determination of the magnitude of variation or dispersion among values in a set.