Home
Flashcards
Preview
1L Subsequent possession by gifts
Home
Get App
Take Quiz
Create
Define gift
a voluntary irrevocable present transfer of property without any consideration
received
A)
Focus on chattels and not real
property
What are the elements of a valid gift?
3 Elements of a valid gift—
A) Intent
B) Delivery
C) Acceptance
what are 2 elements needed for an intent?
irrevocable
present
intent to transfer the item to the other.
What's the general rule for delivery of a gift?
What are the 3 types of delivery?...define.
G.R.—
if an object can be handed over, it must.
Must use the best mechanism of delivery possible
I)
Actual
—physically transfer gift of donor to donee.
II)
Constructive
—transfer of something that provides access to the gift;
used only if actual is not possible b/c it’s too large to hand deliver
III)
Symbolic
—transfer
something that represents the item.
Define Inter vivos:
irrevocable present transfer made between living persons without any consideration
What's the test for determining intent of an inter vivos gift v. a will?
Present or future intent to transfer interest?
The correct test for
determining donatives intent is whether the maker intended the gift to have
no
effect until after the maker's death
, or whether he intended it to transfer
some
present interest
. As long as the evidence establishes an intent to make a
present and irrevocable transfer of title or the right of ownership, there is a
present transfer of some interest and the gift is effective immediately.
Define causa mortis
gift made under apprehension of
immediate approaching death.
I
What's the additional element needed for causa mortis to be valid that is not required for inter vivos?
If
death
does not come, then the gift is revoked.
Same gift elements + donor dies
How is causa mortis to be construed?
Causa mortis is
strictly
construed and applied b/c it’s
an exception to a will. It actually supersedes a will if causa mortis is valid.
Author
jesdixon
ID
38776
Card Set
1L Subsequent possession by gifts
Description
subsequent possession by gifts
Updated
2011-08-30T22:23:06Z
Home
Flashcards
Preview