Asked by Markayla Eakins on Jun 15, 2024
Verified
An inter vivos gift is a gift:
A) of live animals.
B) contingent upon the donee's surviving the donor.
C) made by a donor during her lifetime.
D) that has been accepted.
Inter Vivos
A legal term used to describe an action or a gift that takes place or is given during the lifetime of the giver.
Donor
An individual or organization that gives something voluntarily, often a sum of money or a blood donation, without expecting anything in return.
Gift
A transfer of property or funds from one person to another without any expectation or requirement of payment or compensation.
- Learn about the environments conducive to the issuance of gifts and the consequent legal impacts.
Verified Answer
PS
pardeep singhJun 18, 2024
Final Answer :
C
Explanation :
An inter vivos gift is a gift made by a donor during their lifetime, as opposed to a bequest or legacy left in a will.
Learning Objectives
- Learn about the environments conducive to the issuance of gifts and the consequent legal impacts.