Ira is declared mentally incompetent. Jay, Ira's son, is named his guard?ian. At Jay's insistence, Ira transfers his assets to Jay "for safekeeping." This gift may not be effective on the ground that there was no

Question

Quizplus · Accepted Answer

The gift may not be effective because there was no donative intent. Ira, being declared mentally incompetent, may not have the capacity to form the necessary intent to make a gift.

Ira Is Declared Mentally Incompetent