Question

In most states, if Fiona personally delivers Gerald a 199 check from her personal savings account saying, "I just want you to have this," is it a valid and completed199 gift. True or False?

Answer 1

In most states, this scenario would not be considered a valid and completed gift. For a gift to be valid, there are typically three requirements: intent, delivery, and acceptance.

Step-by-step explanation:

In most states, this scenario would not be considered a valid and completed gift. For a gift to be valid, there are typically three requirements: intent, delivery, and acceptance. While Fiona has the intent to give Gerald a gift, simply stating 'I just want you to have this' may not meet the requirement of a clear intention to gift.

Additionally, delivery of the gift usually requires the transfer of possession or control, such as physically handing over the check. In this scenario, Fiona personally delivers the check, meeting the delivery requirement.

However, acceptance is also crucial for a gift to be completed. If Gerald refuses to accept the check or Fiona takes it back before he has a chance to accept it, the gift would not be completed.