Which of the Following Is a Way in Which a Gift

question 11

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) All of these.

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Definitions:

First Choice

The primary option or preference selected from a range of alternatives.

Pairwise Votes

A method of voting where each candidate is matched against every other candidate in one-on-one comparisons.

Majority Determining

The process by which the greater number or majority's choice decides an outcome in a decision-making context.

Condorcet Paradox

A situation in social choice theory where collective preferences can be cyclical, even if the preferences of individual members are not, leading to a lack of transitivity in voting outcomes.