Angie voluntarily transfers her prize-winning horse Beaux to Cady without consideration. Provided all of the requirements are met, this is acquisition of property by

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This is an example of acquisition of property by gift, which occurs when property is voluntarily transferred from one person to another without consideration. The key elements of a gift include the intent to give the item as a gift, delivery of the item to the recipient, and acceptance of the item by the recipient.

Angie Voluntarily Transfers Her Prize-Winning Horse Beaux to Cady Without