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Da Accessibility Mode Print Find & Answer: 7) Which of the following is true of a gift causa mortis? A) It cannot be revoked before
Da Accessibility Mode Print Find & Answer: 7) Which of the following is true of a gift causa mortis? A) It cannot be revoked before the death of the donor. B) It does not require the actual death of the donor. C) It represents an irrevocable present transfer of ownership D) It takes precedence over a prior conflicting will. Answer: 8) What is a gift inter vivos? A) a gift that is made in contemplation of death B) a gift made during a person's lifetime that is an irrevocable present transfer of ownership C) a gift that is to be shared by the donor and donee with the payment of consideration by the donee D) a gift that requires a monetary payment at a set date in the future Answer: 9) Which of the following is considered a constructive delivery of a gift? A) giving the key to a safe-deposit box where the gift is kept B) paying for the total value of the good being gifted in cash C) contracting a third party to deliver goods to the donee D) gifting someone in person to ensure acceptance of the gift Answer: 10) occurs if two or more persons commingle fungible goods and each person is entitled to receive their pro rata share back. A) Confusion B) Accession C) Bailment D) Easement
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