In which of the following scenarios has a gift been made?
A)Alice takes her vacuum cleaner to the repair shop to be fixed.The owner tells her he won't be able to get to the repair for two weeks."OK," says Alice."Keep it until then and then go ahead with the repair."
B)Tim knows that Noah likes his collection of Spiderman comics.He tells Noah,"Even though my comics are worth $500,you can have them for $100." Noah agrees and pays Tim the reduced price.
C)Grandpa chuckles as Jessica admires his pocket watch."Go on,put it in your own pocket,Jessica," he tells her."You can have it." Jessica thanks her grandpa and happily tucks the watch into her pocket.
D)Edith tells her friend,Mateo,that he may have her antique Victrola record player after she passes away.Mateo gratefully thanks Edith for her kindness.

Question

Quizplus · Accepted Answer

In scenario C, Grandpa gives Jessica his pocket watch as a gift. He willingly and intentionally transfers ownership to her without receiving anything in return.

Answer: B
 In scenario B, Tim offers to sell his comic book collection to Noah at a reduced price. Although he is selling the items at a lower price than their value, this is still a transaction in which Noah is giving Tim money in exchange for the comics.

Therefore, the correct answer is C.

In Which of the Following Scenarios Has a Gift Been