Question
Which of the following is true of a gift inter vivos? It is made between living persons without conditions attached. It is made by someone
Which of the following is true of a gift inter vivos?
| |||||||||||||||||
-
Which of the following is true of gifts?
The transfer of a gift involves compensation but not consideration.
A gift is a declaration of an intention to give in the future rather than a present transfer.
A gift is a voluntary transfer of property.
A gift requires consideration but not necessarily compensation.
A gift depends on the intention of the giver, but not on the acceptance of the donee.
-
Which of the following is true of real and personal property?
Real property is movable.
Transfer of personal property can take place without any documents at all.
Personal property is immovable and can only be transferred by a deed.
At common law, real property has been referred to as chattels.
The sale of personal property is governed by the general law of contracts.
-
Which of the following refers to an object that was once personal property but that has become so attached to land or structures that it is considered legally a part of the real property?
Chattel
Fixture
Accession
Codicil
Lien
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started