Question

While working in the yard, Tina found a beat-up ring. Becca, an eighteen-year old neighbor, came over to visit and liked the ring. Tina said, "You can have this old thing if you would like." Becca replied, "I really like it - Maybe it's a real diamond!" Tina laughingly told her that there was a one in a billion chance of that and that Tina was more likely to win the lottery. A few months later Becca ran over to Tina's house and told Tina that the ring was actually a diamond worth thousands of dollars! Becca gave Tina the ring to examine. Tina put it in her pocket and told Becca that she would never have given it to her if she had realized its value and that possession was back where it has always belonged. Tina also told Becca that Becca failed to legally accept the gift because she did not know its true value and because Tina did not sign any document turning over title. Becca sues. Which of the following describes the type of gift at issue?

A. A gift causa mortis
B. A gift inter vivos.
C. A gift inter mortis.
D. A gift causa vivos.
E. A donative gift.

Answer 1

Option B : A gift inter vivos

Explanation: personal properties can be graded into important (tangible) and less important ( intangible) property.

A gift intervivo is usually a gift given out when a person is still living and not dead. A gift is usually has no legal binding because of it's lack of important facts for consideration and valid only when some legal formalities goes along with it.

Intervivo transfer cannot be reversed.it is usually made between 2 living being. In this process, a known property is transferred from a person to another while still alive.