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2 years ago

Select the true statement regarding inherited or gifted real property.

1 answer:

3 0

The true statement regarding inherited or gifted property is that a gift of the real property requires only the intention to make a gift and an acceptance of said gift. Thus the first option is correct.

<h3>What is Real property?</h3>

Real property refers to the land or the building which is permanently attached to the land. Real property is the permanent asset of a person which he can gift to his relatives or the legal heir.

There must be the free will of the person to hand over the property as a gift to the another person i.e. intention to gift must be their and the other party should accept it.

Thus the first option is correct.

Learn more about Real Property here:

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