A gift made during a person's lifetime that is a revocable future transfer of ownership is a gift inter vivos.
Correct Answer:
Verified
Q18: Personal property is sometimes referred to as
Q19: Intangible property includes physically defined property,such as
Q20: Generally,minerals,crops and timber are real property both
Q21: The courts presume acceptance of a gift
Q22: A gift requires delivery in order to
Q24: Constructive delivery is the usual method of
Q25: A gift causa mortis is a gift
Q26: A gift "causa mortis" is ineffective if
Q27: "Donative intent" means that the donor must
Q28: If the person who dies has a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents