Acquisition by Gift Flashcards
1
Q
Three Requirements
A
Intent
Delivery
Acceptance
2
Q
Intent
A
Present Donee Gratuitous Object Voluntary
3
Q
Delivery
A
Traditional Rule:
- Land – Livery of seisin
- Chattels – Physical Transfer
- If an object can be handed over, it must be
Modern Rule:
- More flexible approach to recognizing delivery, especially when intent is clear
- Must be valid “Mode of Delivery”
a. Actual
b. Constructive
i. Constructive Delivery
ii. Symbolic
4
Q
Delivery:
Actual/Manual
A
IVG:
Yes
Gifts Causa Mortis:
Yes
TG:
SoW
FLEXIBLE
5
Q
Delivery:
Constructive
A
IVG:
Yes
Gifts Causa Mortis:
No, unless immovable
TG:
SoW
RIGID
6
Q
Delivery:
Symbolic
A
IVG:
No, unless immovable
Gifts Causa Mortis:
No
TG:
SoW
Rigid requirements, but delivery NOT required
7
Q
Acceptance
A
Rebuttal Assumption:
If it’s valuable, it’s assumed to be accepted
8
Q
Gifts
A
Are irrevocable
Must involve some present transfer (as opposed to Gift Promise)