Podcast
Questions and Answers
What are the customary law requirements that must be met for a gift to be considered a perfect gift?
What are the customary law requirements that must be met for a gift to be considered a perfect gift?
- The donor is the owner of the property to be given and the donee must accept the gift during the donor's lifetime.
- The donor is the owner of the property to be given and Aseda must be offered by the donee.
- The donor expresses the intention to make the gift and it must be made before witnesses.
- The donor expresses the intention to make the gift and the subject matter must be delivered to the donee during the donor's lifetime. (correct)
Under what circumstances will equity perfect an imperfect gift?
Under what circumstances will equity perfect an imperfect gift?
- If the subject matter of the gift is not delivered to the donee during the donor's lifetime.
- If the donor is not the owner of the property to be given.
- If any of the customary law requirements for a perfect gift are lacking. (correct)
- If the donee does not accept the gift during the donor's lifetime.
What action by the donee signifies acceptance of a gift during the lifetime of the donor?
What action by the donee signifies acceptance of a gift during the lifetime of the donor?
- Stating verbally that they accept the gift.
- Offering Aseda as a gesture of thanks to the donor.
- Exercising right of ownership of the subject matter of the gift. (correct)
- Delaying acceptance until after the donor's lifetime.
What makes a gift imperfect according to the text?
What makes a gift imperfect according to the text?
Why is it important for equity not to perfect an imperfect gift?
Why is it important for equity not to perfect an imperfect gift?
What is a holographic will?
What is a holographic will?
In a gift inter vivos, what is expected from the grantee?
In a gift inter vivos, what is expected from the grantee?
What is necessary for a gift to be considered valid?
What is necessary for a gift to be considered valid?
What distinguishes a gift from a sale?
What distinguishes a gift from a sale?
What is required for a holographic will to be considered valid?
What is required for a holographic will to be considered valid?
What type of will is an oral will witnessed while the testator is near death?
What type of will is an oral will witnessed while the testator is near death?
What rule allows an imperfect gift to be perfected when the donee is appointed as executor or administrator of the donor's estate?
What rule allows an imperfect gift to be perfected when the donee is appointed as executor or administrator of the donor's estate?
In which case can a gift be perfected by appointing the donee as executor or administrator of the donor's estate?
In which case can a gift be perfected by appointing the donee as executor or administrator of the donor's estate?
Under which circumstance can the vesting of the property in the putative donee as executor/administrator perfect an incomplete gift?
Under which circumstance can the vesting of the property in the putative donee as executor/administrator perfect an incomplete gift?
Which type of gift is made by the donor during their lifetime to take effect after their death?
Which type of gift is made by the donor during their lifetime to take effect after their death?
What are the three main conditions required for a Donatio Mortis Causa to be perfect?
What are the three main conditions required for a Donatio Mortis Causa to be perfect?
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