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What Is the Difference Between a Purchase of Property from a Gift

Question 84

Multiple Choice

What is the difference between a purchase of property from a gift of property?


A) All property needs a title to be transferred
B) No consideration is needed for a gift.
C) All forms of property except for gifts must be in writing.
D) For gifts to be effective, there must be written intent.
E) There is no transfer requirement for gifts.

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