Acquisition by Gift Flashcards

1
Q

Three Requirements

A

Intent
Delivery
Acceptance

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2
Q

Intent

A
Present
Donee
Gratuitous
Object
Voluntary
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3
Q

Delivery

A

Traditional Rule:

  1. Land – Livery of seisin
  2. Chattels – Physical Transfer
  3. If an object can be handed over, it must be

Modern Rule:

  1. More flexible approach to recognizing delivery, especially when intent is clear
  2. Must be valid “Mode of Delivery”
    a. Actual
    b. Constructive
    i. Constructive Delivery
    ii. Symbolic
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4
Q

Delivery:

Actual/Manual

A

IVG:
Yes

Gifts Causa Mortis:
Yes

TG:
SoW

FLEXIBLE

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5
Q

Delivery:

Constructive

A

IVG:
Yes

Gifts Causa Mortis:
No, unless immovable

TG:
SoW

RIGID

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6
Q

Delivery:

Symbolic

A

IVG:
No, unless immovable

Gifts Causa Mortis:
No

TG:
SoW

Rigid requirements, but delivery NOT required

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7
Q

Acceptance

A

Rebuttal Assumption:

If it’s valuable, it’s assumed to be accepted

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8
Q

Gifts

A

Are irrevocable

Must involve some present transfer (as opposed to Gift Promise)

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