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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?

It is made between living persons without conditions attached.

It is made by someone contemplating death in the future.

The gift is made with the intent to transfer the property at a future date.

The donor has the power to revoke this gift before he dies.

The donee loses title if the donor does not die.

  1. 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.

  1. 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.

  2. 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

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