Solved

Which of the Following Is a Way in Which a Gift

Question 28

Multiple Choice

Which of the following is a way in which a gift differs from a purchase as a way of transferring ownership?


A) Once delivered a gift may be taken back by the person who gave the gift whereas that is not true when an item is purchased.
B) No consideration is needed for a gift.
C) No written contract is needed for a gift whereas it is needed for a purchase.
D) No certificate of title is needed for a gift whereas it is needed for a purchase.
E) Intent to permanently transfer title is irrelevant when gifts are concerned.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents