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Jim Wants to Give Klio a Diamond Necklace That Jim

Question 42

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Jim wants to give Klio a diamond necklace that Jim has in his safe de?posit box at First National Bank.The bank is closed for a holiday.Jim gives Klio a key to the box and tells her to go to the bank after the holi?day and take the necklace.Klio does this.The next day,Jim dies unex?pectedly.Jim's heirs want the necklace.What type of gift was this? Can Klio keep it?

Correct Answer:

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Yes.The necklace was a gift inter vivos-...

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