Ruth is visiting her granddaughter Marcy and decides to give Marcy her very expensive cameo brooch.The brooch,an heirloom,has been in the family for over 100 years and is the only item in a safe in Ruth's home.Ruth offers the brooch to Marcy who accepts it.Ruth then gives Marcy the only key to the safe.According to the information given,which of the following statements is true?

Question

Quizplus · Accepted Answer

In this scenario, the gift given by Ruth to Marcy is a valid gift. The rules of gift specify that the gift does not generally take place until the donor (1) intends to make the gift, and (2) delivers the gift by physical transfer to the donee. Note that in some instances, a constructive delivery, like turning over the keys to a car or the deed to land, constitutes an adequate delivery.

Ruth Is Visiting Her Granddaughter Marcy and Decides to Give