There is no consideration and therefore no enforceable contract for transactions relating to Gifts.
A gift is a contract without fair consideration and requires performance to be valid. A valid gift is therefore a concluded contract by the giver's actual delivery of the gifted item to the donee or someone on behalf of the donee, or by the giver's delivery of the means of obtaining the gifted item without further action for possession.
The intention to give must be accompanied by service, and service must be done with the intention to do. Otherwise, there is only the intention or promise of being gratuitous, and it is simply void. The transfer of ownership of the gift item or means of obtaining it is essential to making a valid donation, in order to render it an irrevocable disposal.
Know more about gift contract here
brainly.com/question/24157554
#SPJ4
Answer:
Intrapersonal communication can be defined as communication with one's self, and that may include self-talk, acts of imagination and visualization, and even recall and memory (McLean, 2005 ). You read on your phone that your friends are going to have dinner at your favourite restaurant.
Explanation:
Answer:
The press published newspapers about the acts of the Patriots fighting the British
Answer:
True is the correct answer.
Explanation:
The best answer here is b. estate tax - this is the tax that is applied on a transfer of wealth after the person died.
a. flat and d. recessive tax decribe how and weather the rates of taxation change for people who earn less or more (flat tax: everyone pays the same percentage).
