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Grandfather, who is in perfect health, tells his grandson that he will give him his 1 9 6 8 Jaguar. Grandfather prepares the title in
Grandfather, who is in perfect health, tells his grandson that he will give him his Jaguar. Grandfather prepares the title in the grandson's name, but the grandson who has never liked that old car, says, No Thanks." Later he learns that the car if sold would pay off the rest of his tuition. He asks his grandfather to please give him the car. Grandpa says, "Too late. I changed my mind about giving the car away.
Has a valid gift been made? Does the grandson own the car?
Yes, because the Grandfather prepared the title to give to the grandson.
No because there was no acceptance by the grandson.
Yes, because it is an inter vivos gift that cannot be revoked.
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