Gift is a transfer of property by one person to another without valuable consideration with the intention of benefiting the transferee. The parties are called donor and donee. Gifts are either "inter vivos", an irrevocable title vests at once in the donee when the property is delivered. In a gift mortis causa no title vests in the donee, unless the donor dies within the period contemplated when he made the gift. At any time before death, the gift mortis causa is revocable.
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