Explanation:

- Voluntarily Transfer: A gift must be given freely, without any coercion or pressure. It’s a transfer that originates from the desire to give.

- Consideration: In legal terms, consideration refers to something of value exchanged between parties. A gift specifically does not involve consideration. It is given without expecting anything in return.

- Acceptance: A gift must be accepted by the recipient. Without acceptance, it cannot be considered a valid gift.

- Existence of the Property: A gift must involve something that exists. You cannot gift something that isn’t real or tangible.