Solved

A Custodian Who Holds Money for the Benefit of a Minor

Question 4

True/False

A custodian who holds money for the benefit of a minor under the Uniform Gifts to Minors Act may choose to use the money to send the minor to summer camp.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: The intent to make a gift requires

Q2: Bailments may be:<br>A) created orally or through

Q3: A gift causa mortis does not become

Q5: A bailee's lien gives the bailee the

Q6: A right in a thing is considered

Q7: A gift causa mortis is considered a

Q8: In a(n) _, the bailor has a

Q9: A bailee's _ gives the bailee the

Q10: In a bailment, the person who turns

Q11: Upon the death of a joint tenancy