Margaret told Bill she would give him her concert tickets. Later she changed her mind and decided she wanted to use the tickets after all. Is Margaret required to give Bill the tickets?

Question

Quizplus · Accepted Answer

All of these reasons are correct. For a gift to be legally effective, there must be intent to make a present transfer, delivery of the gift, and acceptance by the recipient. In this scenario, Margaret changed her mind before any of these criteria were fully met, especially delivery, making her not required to give Bill the tickets.

Margaret Told Bill She Would Give Him Her Concert Tickets