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.
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Answer:
i. the buyer receives a negotiable document of title for the goods
ii. The bailee acknowledges the buyer's right to possess the goods
iii. The buyer receives a nonnegotiable document of title, and the buyer has had a reasonable time to present the document to the bailee and demand the goods. If the bailee refuses to honor the document, the risk of loss remains with the seller
Explanation:
Sellers bear hazards when they are holding products for a purchaser, up until the purchaser claims the products. The vender likewise carries the danger of misfortune on exchanges that are deal on endorsement, in which a purchaser should authoritatively acknowledge the conveyed products before the deal is conclusive.
With any business exchange, there is a danger of misfortune. It's conceivable that either the purchaser or vendor in a transaction could bear the risk of disaster.
Answer:
balancing a checkbook.
Explanation:
An individual in this stage may have difficulty doing tasks such as balancing a checkbook. This sort of task requires a higher level of cognitive activity that may be very difficult for an individual in the early stages of dementia. This is because the early stages of this disease have very noticeable issues with memory, speed of thought, language or behaviour, which are all needed for these sort of tasks.