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In a gift, one person voluntarily without ___________ transfer his ownership.
Property
Money
Consideration
None
- The statement describes the act of gifting.
- In a gift, ownership is transferred voluntarily.
- The key aspect of gifting is the absence of something in return.
Options Explained:
- Property: While property can be gifted, this option describes what is transferred, not what is omitted in the transfer.
- Money: Money might also be gifted, but again, this is about what's given, not what’s absent.
- Consideration: This is the correct term. In legal terms, consideration refers to something of value exchanged between parties, usually in contracts. Gifts are distinct because they do not involve consideration.
Correct Answer: Option 3 - Consideration
By: santosh ProfileResourcesReport error
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