A completed gift must be irrevocably relinquished by the donor.

Question

Quizplus · Accepted Answer

A completed gift is a gift that has already been given by the donor and accepted by the donee. In order for a gift to be considered completed, the donor must irrevocably relinquish control over the gift. This means that the donor cannot change their mind and take the gift back once it has been given. Therefore, a completed gift must be irrevocably relinquished by the donor.

A Completed Gift Must Be Irrevocably Relinquished by the Donor