Personal Property (Gifts) Flashcards
Gifts
The immediate transfer of property rights from the donor to the donee
Donee =
Donor =
Inter Vivos Gifts
Gifts made from one living person to another
Inter Vivos Gifts - Elements
Intent
Delivery
Acceptance
Inter Vivos Gifts Element - Intent
Inter Vivos Gifts Element - Delivery
Manual
Constructive
Symbolic
Inter Vivos Gifts Element - Acceptance
Gifts Causa Mortis
Gifts made by a living person in comtemplation of death
Gifts Causa Mortis - Elements
- Intent
- Acceptance
- Delivery
- Gift was made in contemplation, fear, or peril of death
- Donor’s cause of death must be the cause they had comtemplated.
Gifts Causa Mortis - Revocation
Majority: If the donor recovers, the gift is automatically revoked Brind v. International Trust Co. (finding no gift causa mortis because P feared death during an operation, but recovered from the operation and never reaffirmed her intent to make the gift).
Minority: a Donor who survives her contemplated death must expressly revoke within a reasonable time, or else lose the right to revoke Restatement (second) of Property: Donative Transfers s31.3.