Which of the Following Is True of Gifts

question 31

Multiple Choice

Which of the following is true of gifts?

• A)The transfer of a gift involves compensation but not consideration.
• B)A gift is a declaration of an intention to give in the future rather than a present transfer.
• C)A gift is a voluntary transfer of property.
• D)A gift requires consideration but not necessarily compensation.
• E)A gift depends on the intention of the giver,but not on the acceptance of the donee.

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