Umiko owns Valley Vineyard.Umiko's only son Waldo owns the adjacent Hillside Orchards.Umiko gives 90 percent of the Valley Vineyard to Irene,a short-term employee.This gift may lack the required element of

Question

Quizplus · Accepted Answer

Donative intent is an essential element for a gift to be legally recognized. It means that the donor must have the intention to give away the property or asset as a gift without any consideration. In this case, if Umiko did not have the clear intent to gift 90% of the Valley Vineyard to Irene, it may not be recognized as a gift. Additionally, the other options do not particularly apply to this scenario.

Umiko Owns Valley Vineyard