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

Margaret's statement to Bill does not constitute a legally binding gift because there was no acceptance by Bill, no delivery of the tickets to Bill, and no clear intent from Margaret to make a present transfer of the tickets to Bill. All these elements are necessary for a gift to be legally effective.

Margaret Told Bill She Would Give Him Her Concert Tickets