Which of These Actions Is Applicable Under the Uniform Gifts

question 45

Multiple Choice

Which of these actions is applicable under the Uniform Gifts to Minors Act?

• A) Adults are prohibited from making gifts of unregistered securities to minors.
• B) Adults can make a gift of money to minors by depositing the money with a bank in an account in the donor's name.
• C) Gifts of registered securities can be made by merely delivering the securities to a bank trustee.
• D) Gifts of unregistered securities can be made by registering the securities in the name of another adult.

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Definitions:

Nature

The inherent qualities or characteristics of something, or the physical world collectively, including plants, animals, landscapes, and other features and products of the earth as opposed to humans or human creations.

Assignment

The act of transferring rights, duties, or property from one party to another.

Internal Legal Memoranda

Documents used within a law firm or legal department to communicate analysis, research findings, and recommendations regarding legal issues or cases.

Pleadings

The formal written statements of the plaintiff and defendant in a lawsuit that detail their respective claims and defenses.