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Trey is correct. While acceptance is eno...View Answer
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A) When the parties intend for title to pass from one party to another.
B) When a contract is executed between the parties.
C) When physical possession of the property is obtained by the donee.
D) Twenty-four hours after possession of the property is obtained by the donee.
E) Three days after a contract is signed and executed by both parties.
G) A) and E)
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A) Devin's gift was automatically revoked when he recovered, and the lottery ticket and any proceeds are validly his.
B) Although the gift was not automatically revoked on his recovery, Devin has the right to revoke the gift and recover the lottery proceeds.
C) The gift was not automatically revoked on his recovery; therefore, because Devin did not revoke the gift prior to Kendra cashing the ticket, he has no rights to any funds.
D) Devin has the right to all funds only because Kendra has a new boyfriend.
E) Devin has no rights because once he gave the tickets to Kendra, he gave up all his rights to them.
G) A) and E)
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Acquiring ownership through confusion in...View Answer
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B) False
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Small business owners are now able to us...View Answer
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A) The original verdict was affirmed, and the defendant was entitled to keep the ring because the termination of the engagement was the plaintiff's fault.
B) The original verdict was affirmed and the defendant was entitled to keep the ring because it was an inter vivos gift, and there had been delivery, donative intent, and acceptance of the gift when she initially received it.
C) The original verdict was affirmed in part, reversed in part, and remanded for a new trial because a jury question was presented as to whether the plaintiff made an absolute gift of the ring to the defendant after the termination of the engagement, and errors on the jury charge and verdict form prejudiced the plaintiff.
D) The original verdict was affirmed in part and reversed in part, because under principles of equity, the plaintiff was entitled to keep the ring, but only if she paid the defendant half of its value and that if she refused to do so, the ring would be sold and the proceeds split between the parties.
E) The original verdict was reversed, because the ring was a conditional gift, and when the engagement was terminated, the defendant was required to return the ring.
G) B) and E)
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A) Article II of the Constitution
B) Article VII of the Uniform Commercial Code
C) state law
D) federal law
E) the state or federal courts depending on the goods
G) A) and E)
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A) All property needs a title to be transferred
B) No consideration is needed for a gift.
C) All forms of property except for gifts must be in writing.
D) For gifts to be effective, there must be written intent.
E) There is no transfer requirement for gifts.
G) B) and C)
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A) The bailor only.
B) The bailee only.
C) A bailment may benefit either a bailor or a bailee, or both.
D) A donor beneficiary.
E) A debtor.
G) C) and D)
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