Multiple choice

Which of the following is/are not required in a gift?

  1. Donor and donee

  2. Consideration

  3. Movable or immovable property

  4. Transfer and acceptance

  5. None of above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

As per section 122 of Transfer of Property Act, 1882, "gift" is the transfer of certain existing movable or immovable property made voluntarily and without consideration, by one person, called the donor, to another, called the donee, and accepted by or on behalf of the donee.