A gift must be returned unless there was adequate consideration.

Question

Quizplus · Accepted Answer

A gift, by definition, is something given without expectation of payment or anything in return. Therefore, there is no legal obligation to return a gift. However, if there was an agreement or contract involved, such as a loan or deposit, and the gift was given as part of that agreement, then there may be a requirement to return it if certain conditions are not met. This is known as "adequate consideration."

A Gift Must Be Returned Unless There Was Adequate Consideration