Which of the Following Is True Regarding Devin's Statement at the Hospital

question 37

Multiple Choice

Which of the following is true regarding Devin's statement at the hospital regarding Kendra taking the ticket?

• A)Because there was no certainty that Devin would die,there was no valid inter vivos or causa mortis gift.
• B)Once Kendra accepted the ticket,a valid gift was made which could not be revoked.
• C)The gift was irrevocable based on the condition that Kendra never had another boyfriend;otherwise,she had to give the ticket and any resulting cash back to Devin.
• D)Because he did not die and recovered from the surgery,his gift to Kendra was automatically revoked.
• E)The gift was irrevocable based on the condition that Kendra never had another boyfriend;but because the gift was of the ticket itself and not the potential winnings,once the ticket was converted into cash,the gift became fully irrevocable and the condition no longer applied.

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Definitions:

Economies of Scope

Cost advantages that a business experiences by producing a wider variety of products, rather than specializing in the production or provision of a single product or service.

Diseconomies of Scale

A point at which a company grows so large that the costs per unit increase with the increase in production.

Experience Curve Effects

The reduction in unit costs of production as output increases, typically due to gained efficiencies and learning over time.

Regression Analysis

A statistical method used to examine the relationship between a dependent variable and one or more independent variables.