Conditional Gifts Flashcards
1
Q
What is a condition?
A
A condition is an event that must occur to trigger some legal effect or outcome.
2
Q
What is an event?
A
An event is the uncertain occurrence of something that is not within control of the promisor–in the conditional gift context, the party promising to give a gift.
3
Q
What is a conditional gift?
A
A conditional gift pairs the concept of the gratuitous promise and a condition. The occurrence of the condition triggers the gratuitous promise.
