Mary Goes to Her Stockbroker, Purchases 30 Shares of P

Multiple Choice

Mary goes to her stockbroker, purchases 30 shares of P & G stock, and instructs the broker to register the stock in her husband Warren's name. If this stock is intended as a Valentine's gift, Warren becomes:

A) a donee beneficiary.
B) a transferee.
C) a delegatee.
D) an assignee.