Mary goes to a stockbroker,purchases 50 shares of a certain stock,and instructs the broker to register the stock in her husband Warren's name.If this stock is intended as a Valentine's Day gift,Warren becomes a(n):
A) donee beneficiary.
B) transferee.
C) delegatee.
D) assignee.

Question

Quizplus · Accepted Answer

Mary's intention is to gift the stock to her husband Warren by registering it in his name. Warren, as the recipient of the gift, becomes the donee beneficiary of the shares.

Mary Goes to a Stockbroker,purchases 50 Shares of a Certain