Multiple choice

A gift is a transfer of ownership without receiving anything in return.

  1. TRUE

  2. FALSE
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A gift is defined as a voluntary transfer of property or ownership to another person without any consideration or compensation in return. Because there is no bargained-for exchange, a promise to make a gift is generally unenforceable in court. Therefore, the statement is true.

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