Review the sections on Gifts and Bailments in Ch. 29. Also, think back to our discussion on the requirements for a Contract in Ch. 11. 1. What are the three main requirements needed for a gift? Be complete in your answer. 2. (a) Other than immediate performance, what is the primary difference between a contract and a gift (i.e. what is necessary for a contract that is not necessary for a gift)? (b) Give an example of both a gift and a contract. 3. (a) What is the primary difference between a bailment and a gift (i.e. what is necessary for a gift that s not an element of a bailment)? (b) Give an example of a bailment