A gift is a voluntary transfer of property without payment of consideration by the donee.

Name: A gift is a voluntary transfer of property without payment of consideration by the donee.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A gift is defined by law as a voluntary transfer of property without payment of consideration (money or something else of value) by the donee (the recipient of the gift). Therefore, the answer is true.

A Gift Is a Voluntary Transfer of Property Without Payment