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What should be not made transfer of gift.
voluntarily transfer
consideration
acceptance
existence of the property
Certainly, let's explore what makes a gift valid and identify the aspect that does not fit:
- Voluntary Transfer
- A gift must be given voluntarily without any coercion.
- The donor should freely wish to give the gift without any external pressure.
- Consideration
- This means offering something in exchange.
- A gift should be given without expecting something in return.
- A gift should not involve any consideration.
- Acceptance
- The recipient must accept the gift for it to be valid.
- If the intended recipient does not accept, it is not a gift.
- Existence of the Property
- The gift must involve a tangible or existing property.
- You cannot give away something that does not exist.
By: santosh ProfileResourcesReport error
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