Personal Property

Question 1

Gift

Answer 1

1. Donor possess the intent to pass title to donee - done gratuitously
2. Actual or constructive delivery
3. acceptance of gift - presumed when beneficial

Question 2

Conditional Gifts

Answer 2

Gifts that are given on the condition of receiving something in return or the occurrence of an event are conditional. The title does not fully transfer until the condition is satisfied. If the condition will not be satisfied, then the original owner (the putative donor) has the right to reclaim the personal property.