Reba purchases U.S.savings bonds which she lists in the name of Rod,Reba's son.The purchase of the bonds constitutes a gift.

Name: Reba purchases U.S.savings bonds which she lists in the name of Rod,Reba's son.The purchase of the bonds constitutes a gift.
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The purchase is a gift.Unlike Example 53 in the text,Reba retains no interest in the bonds.Rod does not have to survive Reba to gain ownership of the bonds.

Reba Purchases U