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Which of the Following Is True of Gifts

Question 31

Multiple Choice

Which of the following is true of gifts?


A) The transfer of a gift involves compensation but not consideration.
B) A gift is a declaration of an intention to give in the future rather than a present transfer.
C) A gift is a voluntary transfer of property.
D) A gift requires consideration but not necessarily compensation.
E) A gift depends on the intention of the giver,but not on the acceptance of the donee.

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