Victor had a priceless painting that he wanted to give to Gwen,but Victor wanted to keep it hanging in his house so he could see it.Victor physically gave the painting to Gwen,who immediately loaned it back to Victor,so Victor could keep it until Victor died.Upon Victor's death,Gwen claims the painting.Which of the following best describes this situation?

Question

Quizplus · Accepted Answer

Victor made a valid gift to Gwen with donative intent and effective delivery. Although Gwen immediately loaned it back to Victor, it was with the understanding that this was temporary and that Gwen would eventually receive the painting after Victor's death. This arrangement did not negate the original gift. Therefore, upon Victor's death, Gwen is entitled to claim the painting as the recipient of the gift.

Victor Had a Priceless Painting That He Wanted to Give