Mr. Russell buys a watch for his granddaughter and gives it to her on the day she graduates. He does not expect anything in return. This is an example of a _____.

Name: Mr. Russell buys a watch for his granddaughter and gives it to her on the day she graduates. He does not expect anything in return. This is an example of a _____.
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Question

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This is an example of a gift, where Mr. Russell voluntarily transfers ownership of the watch to his granddaughter without expecting anything in return.

Mr Russell Buys a Watch for His Granddaughter and Gives