Ansel owns Bar-B Ranch.Ansel's only son Cy owns Double-D Ranch in the same county.Ansel gives 90 percent of the Bar-B to Etta,a short-term employee.This gift
A)may lack the required element of "donative intent."
B)may lack the required element of "donor's acknowledgement."
C)may lack the required element of "heir's acquiescence."
D)meets all of the requirements for an effective gift.

Question

Quizplus · Accepted Answer

Donative intent is a required element for a gift to be effective, which means there must be an intention to give the property as a gift or make a transfer of ownership. Ansel giving 90 percent of Bar-B Ranch to Etta, who is a short-term employee, may lack this required element of donative intent, as there could be a lack of evidence or intention to make such a gift.

Ansel Owns Bar-B Ranch