Examlex
In the three-level hierarchy of mental ability,specific factors are:
Inter Vivos Gift
A gift made during the giver's lifetime, without expectation of death, transferring ownership immediately.
Legal Accept
Formal consent to the terms of an offer or agreement, thereby making it legally binding.
Donative Gift
A gift given without expectation of receiving something in return, intended as an act of generosity or charity.
True Value
The actual, inherent worth of an asset, not influenced by market conditions or sentimental perceptions.
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