Which of the Following Is an Example of a Gift

question 7

Multiple Choice

Which of the following is an example of a gift inter vivos?

• A) Tom is promised a watch by his uncle in case he dies during an operation.
• B) Eva receives a car as a birthday gift from her father.
• C) Casey inherits a huge mansion according to his late grandfather's will.
• D) A charity home receives a huge grant from its dead benefactor's trust.

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Definitions:

Economic Sector

A segment of the economy that encompasses businesses and organizations sharing similar activities, products, or services.

Service Sector

The segment of the economy that involves providing intangible goods or services to consumers and businesses, such as healthcare, education, and banking.

Jobs

Specific tasks or pieces of work to be done, often for payment.